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Biden’s SAB 121 Veto Preserves Crypto Custody Restrictions Amid House Vote

Biden’s SAB 121 Veto Preserves Crypto Custody Restrictions Amid House Vote


CoinOtag
2024-07-10 04:43:14

The Biden administration is gearing up for a significant victory in its ongoing cryptocurrency crackdown by preserving the SEC’s SAB 121 accounting rule. There is low expectation that the US House will overturn Biden’s veto on repealing SAB 121 due to the requirement for a two-thirds majority. Previously, even Democrats had supported the repeal, but


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