U.S. House Considers Reversal of SEC Crypto Policy Amid Biden's Veto Warning

Wednesday, 8 May 2024, 20:17

The U.S. House of Representatives is set to vote on overturning the SEC's cryptocurrency accounting guidance, with industry claiming it hinders banks from serving crypto customers. However, President Joe Biden has indicated a likely veto of the resolution if it reaches his desk.
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U.S. House Considers Reversal of SEC Crypto Policy Amid Biden's Veto Warning

U.S. House of Representatives Considers Overturning SEC Crypto Policy

The U.S. House is gearing up for a vote to reject the SEC's cryptocurrency accounting guidance, a move welcomed by the crypto industry.

Biden's Veto Promise

President Joe Biden has expressed intentions to veto the resolution to reverse the SEC policy if it lands on his desk.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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