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U.S. House expected to uphold Biden veto preserving SEC accounting rule
The Biden Administration is on the verge of securing an important victory in its crackdown on cryptocurrency. A resolution that would remove regulatory roadblocks for traditional investment banks looking to hold digital assets is unlikely to get enough votes in the House of Representatives to overturn President Biden’s veto when it goes back for a vote on Wednesday, FOX Business has learned. People with direct knowledge of the vote say the resolution to repeal SAB 121, an accounting bulletin issued by the staff of the Securities and Exchange Commission that largely prohibits banks from keeping custody of crypto, ... (full story)
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- Posted: Jul 10, 2024 1:16am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 282
