US President Joe Biden vetoes SAB 121 repeal – Cointelegraph
US President Joe Biden has vetoed a resolution to overturn the US Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. The controversial decision drew immediate criticism from the cryptocurrency community. “We are disappointed that the Administration has overruled bipartisan majorities in both houses of Congress who recognized the harm caused by SAB […]
Biden may rethink SAB 121 vote veto due to political support for crypto – Cointelegraph
On May 16, 2024, a majority of the U.S. Senate passed the Congressional Review Act (CRA) to review Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 (SAB 121). Passed by US Senate H.J.Res. 109 The vote was 60-38, an unprecedented turnout for a U.S. Congress. In addition to the excellent support of HJRes. […]
