Biden may reconsider veto overturning SEC SAB 121 resolution
Before the US House of Representatives voted on H.J. Res. 109 (which seeks to overturn the SEC's SAB 121 regulation on digital assets), President Biden issued a threat stating that he may use his veto power if a resolution to overturn the SEC's policy is passed. The White House stated that it "strongly opposes" House members' attempts to undermine the SEC's measures to "protect cryptocurrency market investors and protect the broader financial system." Additionally, the SEC can decide to revoke SAB 121 to avoid forcing Biden to decide whether to exercise his veto power.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Growthly: No-Code Customizable Telegram Quests in Minutes
X Empire (X): A Revolutionary Blockchain Game with Community at Its Core
What is X Empire (X)? X Empire (X) is a strategy tap-to-earn Telegram game that allows players to build and manage their own empire in a futuristic virtual world. The game’s theme is centered around Elon Musk. Although X Empire is not officially endorsed by Musk, its creators have designed the game
SEC scores partial win against blockchain firm Opporty over $600K ICO
Justin Sun introduces Tron-based NFT platform
Trending news
MoreCrypto prices
More
