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US House to Vote on Overturning Biden’s SAB 121 Crypto Accounting Veto Blockonomi 1 month ago

US House to Vote on Overturning Biden’s SAB 121 Crypto Accounting Veto 🏛️

The US House of Representatives is considering a vote to overturn President Biden's veto on a bill aimed at eliminating the SEC's Staff Accounting Bulletin (SAB) 121. This bulletin mandates that companies classify digital assets held for customers as liabilities on their balance sheets. The initial bill to curb SAB 121 had already passed the House.

Source: blockonomi.com ↗