BREAKING: US HOUSE REJECTS VETO OVERRIDE ON CRYPTOCURRENCY ACCOUNTING POLICY! 🚨🔥

KEY TAKEAWAYS:

🔹 US House fails to overturn President Biden's veto on SAB 121 cryptocurrency accounting policy

🔹 SEC's policy remains unchanged, requiring entities to record cryptocurrency holdings on balance sheets

🔹 Ongoing discussions between SEC, banking industry, and lawmakers aim to find common ground and potential revisions

🔹 Representative Maxine Waters leading Democratic efforts on cryptocurrency legislation

WHAT'S NEXT?

🔜 Industry stakeholders and regulators continue negotiations on SAB 121 implications and potential adjustments

🔜 Stay tuned for updates on this developing story!

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