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 […]
House Fails to Overturn Biden Veto on Pro-Crypto Banking Bill – Decrypt
The U.S. House of Representatives on Thursday failed to override President Joe Biden’s veto of a bipartisan effort to allow U.S. banks to hold cryptocurrencies. The bill required a two-thirds supermajority to pass the House, then another two-thirds majority in the Senate. The bill passed today with a comfortable majority, but nowhere near the level […]
U.S. House expected to uphold Biden veto preserving SEC accounting rule
Commodity Futures Trading Commissioner Caroline Pham explained that creating a regulatory framework for cryptocurrencies is a “top priority.” of Biden Administration It is on the brink of scoring an important victory in policing cryptocurrencies. A resolution to remove regulatory obstacles for traditional investment banks wanting to hold digital assets is unlikely to get enough votes […]
Biden threatens to veto House disapproval of Title IX rewrite
President Joe Biden has issued yet another veto threat against the GOP-controlled House, this time over his controversial Title IX rewrite. The House could vote as soon as Tuesday on H.J. Res. 165, a congressional disapproval of a new Department of Education rule prohibiting discrimination of sex in education programs or activities that receive federal […]
Four Democrats buck party on funding bill despite White House veto threat
Four House Democrats on Wednesday overrode party opposition to pass the annual Department of Veterans Affairs and military construction funding bill, days after the White House threatened to veto the bill over a partisan rider they called a “poison pill.” The Republican-led House of Representatives voted mostly along party lines Wednesday morning to pass a […]
DC Council approves new crime bill, overriding mayor’s veto | FOX 5 DC
D.C. Council approved the new controversial crime bill Tuesday, overriding Mayor Muriel Bowser’s veto. FOX 5’s Katie Barlow … source
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. […]
U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat – CoinDesk
The U.S. Senate on Thursday joined the House in calling for the removal of the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, but President Joe Biden vetoed the resolution. He declared that he would exercise the right. Although the Senate voted 60-38 to overturn the policy, commonly […]
‘Arizona Border Invasion Act’ Passes State Senate, Hobbs Plans To Veto
A bill targeting illegal immigration in Arizona has passed the Arizona State Senate along party lines. Republican Sen. Janae Shamp’s legislation dubbed the “Arizona Border Invasion Act” would criminalize crossing into Arizona under state law unless it is through a legal port of entry at the United States-Mexico border. In addition, Senate Bill 1231 would give […]
Arizona governor breaks veto record sparring with Republican legislature
The Republican-controlled Arizona legislature hasn’t agreed with Gov. Katie Hobbs (D-AZ) on much. As a result, Hobbs has used her veto power 185 times since January 2023, breaking a state record. The last governor to veto this many bills, Democrat Janet Napolitano, did so over the entirety of her term. Arizona Republicans hold slim majorities […]