
Biden Vetoes Bill to Overturn Crypto-Unfriendly SEC Rule
Biden’s Reasons for Veto Vetoed H.J. Res.109, which sought to repeal the SEC’s SAB 121. Argued that repealing SAB 121 would weaken the SEC’s ability to regulate crypto. Believes the rule protects investors from potential risks associated with crypto. SAB 121: A Controversial Rule SAB 121 requires financial institutions to list cryptocurrencies on their balance…