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House Gears Up for Crucial Vote on Biden’s Veto of SAB 121 Crypto Rule Coingape 2 months ago

House Gears Up for Crucial Vote on Biden’s Veto of SAB 121 Crypto Rule 🇺🇸

Joe Biden Steve Scalise USA SAB 121 Coingape
The U.S. House of Representatives is set to vote next week on whether to overturn President Joe Biden's veto of Staff Accounting Bulletin 121 (SAB 121). This rule has caused significant controversy within the crypto industry, as it mandates that companies custodizing cryptocurrency must record customer holdings as liabilities on their balance sheets. House Majority Leader Steve Scalise has indicated that the vote may take place on Tuesday.

Source: coingape.com ↗

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