Category: veto
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Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
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Moments ago, the Senate passed HJRes legislation. 109 would repeal the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial companies from sponsoring Bitcoin and other cryptocurrencies. The legislation passed by a vote of 60 to 38, showing bipartisan support for the measure. BREAKING: ?? Legislation that would…
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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
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Executive Office of US President Joe Biden Announce Its position on the proposed legislation, HJ Res. 109, would allow highly regulated financial companies to act as custodians for bitcoin and other cryptocurrencies. JUST IN: ?? US President Joe Biden’s administration says Biden will veto legislation that would allow highly regulated…