May 28, 2024

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House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

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House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto
House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to VetoThe U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks. However, the White House has backed the SEC, issuing a veto threat, […]