Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers

President Joe Biden has vetoed a bipartisan resolution that aimed to overturn the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121), a controversial piece of guidance that establishes accounting standards for firms that custody crypto assets.The resolution had passed both the House and Senate with significant support from Republicans and some Democrats.In his... source: https://cryptobriefing.com/biden-veto-sab121-repeal/