In a potentially game-changing moment for the crypto sector, the US Senate has passed H.J. Res 109, a bill seeking to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121 om Thursday, May 16. The bill was passed with substantial bipartisan support, receiving a 60-38 vote in the Senate and earlier […]
The US House of Representatives has voted for a resolution to overturn the Securities and Exchange Commission (SEC)’s 2022 bulletin on crypto custodian accounting. US President Joe Biden released a statement opposing the resolution and revealing a possible veto if the bill passes the Senate. Democrats And Republicans Join Forces Against The SEC On May […]