The US SEC revokes SAB 121, a controversial accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets (MacKenzie Sigalos/CNBC)

MacKenzie Sigalos / CNBC:
The US SEC revokes SAB 121, a controversial accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets  —  After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks …