President Joe Biden recently vetoed a House Joint Resolution to repeal the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). This bulletin mandates financial institutions holding cryptocurrencies so that customers can list these assets on their balance sheets. Critics argue that this requirement complicates the ability of financial institutions to collaborate with The post President Biden, SEC Face Backlash From Coinbase, Ripple, Crypto Industry appeared first on CoinGape .