May 31, 05:18 PM

Lawmakers Urge Biden Not to Veto Bill Overturning SEC's SAB 121 on Bitcoin Custody

A bipartisan coalition of lawmakers, including Senator Cynthia Lummis, Representative Patrick McHenry, Rep. Wiley Nickel, and Digital Assets Subcommittee Chair Rep. French Hill, has urged President Joe Biden not to veto the Congressional Review Act (CRA) aimed at overturning the SEC's Staff Accounting Bulletin (SAB) 121. The SAB 121 guidance impacts the ability of highly regulated financial firms to custody Bitcoin and other cryptocurrencies. Eight Congressmen and one Senator have signed a letter to the President, emphasizing the importance of the bill for the financial sector.

#Cynthia Lummis #Patrick McHenry #Wiley Nickel #Digital Assets Subcommittee #French Hill #Joe Biden #Congressional Review Act #CRA #SEC #Staff Accounting Bulletin #Bitcoin

Written with ChatGPT (GPT-4o).

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Simply Bitcoin@SimplyBitcoinTV
2 years ago
JUST IN: 8 Congressmen and 1 Senator urge President Biden against vetoing a bill allowing highly regulated financial firms to custody #Bitcoin. https://t.co/V5XudBYRz0
Bitcoin Magazine@BitcoinMagazine
2 years ago
JUST IN: 🇺🇸 Eight US Congressmen and one Senator urge President Biden to not veto bill that would allow highly regulated financial firms to custody #Bitcoin and crypto. https://t.co/2k1WKVQqhI
Financial Services GOP@FinancialCmte
2 years ago
#NEW: Chairman @PatrickMcHenry, @SenLummis, and a bipartisan group of House lawmakers sent a letter to @POTUS urging him not to veto their bipartisan SAB 121 CRA. Read more 🔗 https://t.co/tDpxZRZSec

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Lawmakers Urge Biden Not to Veto Bill Overturning SEC's SAB 121 on Bitcoin Custody

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