ambcrypto.com: SEC’s cryptocurrency bulletin under question, more inside

• The U.S. Government accused the SEC of neglecting a crucial step in custodial obligations.
• This situation has sparked a debate on whether the bulletin should be categorized as a “rule.”

On 31 October, the U.S. Government Accountability Office voiced its concerns regarding a cryptocurrency-related bulletin issued by the U.S. Securities and Exchange Commission (SEC).

Notably, the accountability office accused the SEC of neglecting a crucial step when providing guidance concerning the accounting…