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Can Democrats Override Biden to Enact Pro-Crypto SAB 121 Once More?
The Tug-of-War Over American Crypto Custodianship Takes a Dramatic Turn Just when you thought the saga of cryptocurrencies and their place in the American financial landscape couldn’t get any more gripping, we’re right back into the thick of it. In a recent, jaw-dropping development, a major legislative effort is making waves through Capitol Hill, aiming…
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Vote on Reversing Biden’s Veto of SAB 121 Possible in US House
A Turning Point for Crypto Regulation: The House Prepares to Vote Next week marks a potential turning point for cryptocurrency regulation in the United States. At the heart of the matter is the contentious Staff Accounting Bulletin 121 (SAB 121), which is designed to enforce SEC-reporting entities to include cryptocurrencies on their balance sheets. This…