Biden vetoes bill overturning SAB 121, says standard 'necessar | Crypto News Source
Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation
U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin establishing accounting standards for firms that custody crypto. "My Administration will not support measures that jeopardize the well-being of consumers and investors," said President Biden in a letter addressed to the U.S. House of Representatives posted on the White House website.
