US Congress Set to Challenge Biden's Veto on SEC Digital Asset Regulation

Saturday, 6 July 2024, 11:11

US Congress intends to push for the repeal of SAB 121 despite President Biden's veto in May. The attempt to override the veto signals a contentious battle ahead in Congress next week as lawmakers debate the future of digital asset regulation. The outcome of this legislative showdown could have significant implications for the cryptocurrency market and regulatory landscape.
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US Congress Set to Challenge Biden's Veto on SEC Digital Asset Regulation

US Congress Aims to Override Biden's Veto

President Biden vetoed the repeal of SAB 121 in May, leading to a potential showdown in Congress.

Challenging Digital Asset Regulation

Congress's effort to push through the repeal could impact the future regulatory framework for cryptocurrencies.

  • This move highlights the ongoing debate over digital asset oversight.
  • Next week's decision will be crucial for the industry's trajectory.

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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