In recent times, the Senate has voted to overturn the SEC’s Staff Accounting Bulletin No. 121—also known as SAB121. Following this, the Biden administration has vowed that he would veto this bill if it were passed. So what is all this fight about, and what is the big hoo-ha behind this bill?
XingChiU.S. President Biden said he vetoed the resolution because "he will not support measures that endanger the well-being of consumers and investors."
JinseFinanceBipartisan lawmakers urge Biden to reconsider veto on SAB 121 repeal, citing concerns over crypto regulation and market stability.
EdmundNew memecoin Biden BTC on Solana promises returns up to 11,000%, aiming to replicate the success of SHIB and DOGE. Early investors could see exponential growth.
EdmundThe U.S. Senate joined the House of Representatives in voting to repeal a controversial Securities and Exchange Commission (SEC) accounting rule that imposed onerous capital requirements on crypto custodians.
JinseFinanceSenate's bipartisan approval of H.J.Res. 109 challenges SEC's SAB 121, pushing President Biden to decide amidst political and industry pressures.
WeiliangHouse passes bipartisan bill to challenge SEC's crypto guidance, faces potential veto from President Biden.
Xu LinThe World Bank doesn’t look likely to become more Bitcoin-friendly under its next leader.
cryptopotatoFollowing the FTX debacle, global regulators were reportedly in talks to implement global cryptocurrency regulations.
OthersU.S. President Joe Biden ordered federal agencies in March to analyze the crypto industry in order to design better regulations protecting users.
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