Lawmakers urge Biden administration to reconsider veto for SAB 121 repeal

A bipartisan coalition of lawmakers has urged the Biden Administration to abandon its plan to veto the Congressional proposal to repeal the SEC’s controversial Staff Accounting Bulletin No. 121 (SAB 121). The letter, dated May 30, called on the administration to urge the SEC to rescind the standard or sign the Congressional proposal to repeal […] source: https://cryptoslate.com/lawmakers-urge-biden-administration-to-reconsider-veto-for-sab-121-repeal/