Crypto Firms Win in Senate, But Biden Veto Looms  pen_spark

The U.S. Senate voted 60-38 on Thursday to overturn a rule issued by the SEC regarding the accounting treatment of crypto assets held by companies on behalf of their customers. The rule, known as Staff Accounting Bulletin No. 121 (SAB 121), requires such companies to record these assets on their balance sheets, which some industry […] source: https://coinedition.com/crypto-firms-win-in-senate-but-biden-veto-looms-pen_spark/