Paul Atkins says new SEC Crypto Accounting Bulletin is Proof Agency has more Work to Do
Patomak CEO Paul Atkins is quoted in a Yahoo Finance article about the Securities and Exchange Commission’s (SEC) proposed cryptocurrency accounting standards published in an agency bulletin on March 31, 2022:
“This bulletin is further evidence that the Commission needs to update its regulations concerning custody of digital assets,” Paul Atkins, CEO of Patomak Global Partners and a former SEC Commissioner, told Yahoo Finance. “Instead of resorting to staff accounting bulletins to address custody risks, the Commission should update its custody rule to clarify how they apply to digital assets.”
Read the full Yahoo Finance article here.
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