May 24, 2024

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Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

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Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto RulesFollowing the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee […]