House Delays Vote to Overturn SEC Crypto Accounting Rule (SAB 121)

The U.S. House of Representatives has delayed a vote to override President Biden’s veto of a measure that would overturn an SEC accounting rule for crypto assets. The rule, known as Staff Accounting Bulletin 121 (SAB 121), requires banks and public companies to list cryptocurrencies as liabilities on their balance sheets. The House was initially […] source: https://coinedition.com/house-delays-vote-to-overturn-sec-crypto-accounting-rule-sab-121/