Biden administration to veto overturning of SEC crypto rule SAB 121

The Biden administration said on May 8 that it would veto H.J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system. The administration […] source: https://cryptoslate.com/biden-administration-to-veto-overturning-of-sec-crypto-rule-sab-121/