Staff Accounting Bulletin No. 122 (effective 30 January 2025) rescinds SAB 121 (Topic 5.FF), which had required platforms to record a liability and asset at fair value for digital assets they safeguard for users; an entity with a safeguarding obligation now decides whether to recognise a liability for risk of loss, and measures it, under ASC 450-20 or IAS 37, applying the rescission fully retrospectively for annual periods beginning after 15 December 2024 (earlier adoption allowed) with clear disclosure of the change; the staff reminds entities to keep disclosing safeguarding risks. SABs are staff views, not Commission rules.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.