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House to Vote on Overturning Biden’s Veto of Crypto-Focused SAB 121 Next Week

House to Vote on Overturning Biden’s Veto of Crypto-Focused SAB 121 Next Week


CoinOtag
2024-07-05 22:42:51

The U.S. House is preparing to vote on overturning President Joe Biden’s veto of SAB 121, a crypto-centric regulation. SAB 121 mandates that crypto custodians categorize client assets as liabilities, causing significant industry concern. The measure had bipartisan backing in the Senate, passing with a 60-38 vote prior to the presidential veto. U.S. House to


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