Bitcoinist
2024-06-01 08:50:33

Presidential Veto Alert: Biden Blocks SAB 121 Overturn

US President Joe Biden has vetoed congressional resolution H.J. Res.109, which seeks to repeal the US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No.121, a controversial guidance measure that is widely viewed as anti-crypto. Interestingly, Biden’s action comes amidst rumors that the incumbent government was posturing to gain the favor of crypto voters

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