Biden may rethink SAB 121 vote veto due to political support for crypto

US lawmakers failed to overturn SAB121 bill, vetoed by Biden

Reversed Fortunes: SAB121's Demise Initiates Crypto Policy Reform

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?

Biden vetoes SAB 121 bill: will not support measures that harm consumers

U.S. President Biden said he vetoed the resolution because "he will not support measures that endanger the well-being of consumers and investors."

Lawmakers Urge Biden to Reconsider SAB 121 Repeal Veto

Bipartisan lawmakers urge Biden to reconsider veto on SAB 121 repeal, citing concerns over crypto regulation and market stability.

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New 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.

What does the SAB 121 vote mean for future crypto legislation?

The 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.

Biden Might Reconsider SAB 121 Vote Veto Amid Political Support for Cryptocurrency

Senate's bipartisan approval of H.J.Res. 109 challenges SEC's SAB 121, pushing President Biden to decide amidst political and industry pressures.

President Biden Nominates Crypto Skeptic to Lead World Bank

The World Bank doesn’t look likely to become more Bitcoin-friendly under its next leader. 

Joe Biden Pushes for Stricter International Crypto Regulation

Following the FTX debacle, global regulators were reportedly in talks to implement global cryptocurrency regulations.

Binance CZ Favors Biden’s Regulatory Policy Unlike Other Industry Leaders

U.S. President Joe Biden ordered federal agencies in March to analyze the crypto industry in order to design better regulations protecting users.