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U.S. House unable to ‘override’ Biden crypto veto on ‘ill-conceived SEC rule’ – AMBCrypto News

The U.S. House of Representatives failed to override President Biden’s veto of the SAB121 resolution. The SEC has reportedly made concessions regarding cryptocurrency accounting for banks and brokerage firms. The U.S. House of Representatives failed to override President Joe Biden’s cryptocurrency veto of SEC accounting guidelines. SEC accounting guidelines; Staff Accounting Bulletin 121 [SAB 121]was […]