Biden Vetoes Crypto Bill

June 1, 2024 Tóth Balázs

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U.S. President Joe Biden vetoed a bill that aimed to repeal the SEC’s SAB 121 accounting standard, which pertains to the custody of crypto transactions by companies. “By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues” stated the President.

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Biden Vetoes Crypto Bill

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