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Bipartisan Lawmakers Press Biden To Overturn SAB 121 Veto To Allow Regulated Financial Firms To Hold Crypto

Lawmakers want President Biden to overturn the Staff Accounting Bulletin (SAB) 121 he vetoed to allow regulated financial firms to hold crypto. House.

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U.S. Lawmakers Argue SEC Accounting Policy Places Crypto Customers at Risk

The securities regulator’s crypto accounting standards have drawn criticism from two US legislators who claim they put clients at higher risk of financial.

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U.S. Lawmakers Say SEC Directive May Bring “Greater Risk of Loss”

Senator Cynthia Lummis and Congressman Patrick McHenry said that SEC accounting guideline “places client money at greater risk of loss if a custodian.

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