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Democrats sign on to attempt overturning SEC's crypto accounting rule
A renewed effort to overturn the Securities and Exchange Commission's crypto accounting rule SAB 121 is gaining steam. Why it matters: Overturning SAB 121 has become a lightning rod, uniting crypto shops, major banks, and policymakers on both sides of the aisle. • The effort behind H.J. Res 109, which sought to overturn that crypto accounting rule, died with President Biden's veto, but a different bill that seeks to do the same thing, H.R. 5741, just got five more Democrats signed on this month. Zoom in: Reps. Daniel Goldman, Scott Peters, Darren Soto, Robert Garcia and Eric Sorensen were the latest. • That ... (full story)
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- Posted: Jul 24, 2024 4:39pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 176
