US lawmakers failed to overturn SAB121 bill, vetoed by Biden
![image WenJun](https://image.coinlive.com/24x24/cryptotwits-static/a8493e1c6748b42c3dae10c0b1c82784.jpeg)
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?
美国总统拜登表示,他否决了该决议,因为“他不会支持危害消费者和投资者福祉的举措”。
Bipartisan lawmakers urge Biden to reconsider veto on SAB 121 repeal, citing concerns over crypto regulation and market stability.
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美国参议院与众议院一道投票废除了一项有争议的美国证券交易委员会(SEC)会计规则,该规则对加密托管机构施加了繁重的资本要求。
Senate's bipartisan approval of H.J.Res. 109 challenges SEC's SAB 121, pushing President Biden to decide amidst political and industry pressures.
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