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House lawmakers are poised to vote Wednesday on whether to overturn a Securities and Exchange Commission staff bulletin related to accounting in digital assets custody. Why it matters: SAB 121 has becoming something of a lightning rod, uniting crypto shops and major banks against the SEC. Catch up quick: The guidance memo — officially Staff Accounting ...
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The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator’s leadership. The report, prompted by a Wall Street Journal investigation, cited accounts from more than 500 ...