🎉Blockchain News Flash! US President Joe Biden recently vetoed a resolution aimed at overturning the US SEC's crypto asset accounting standard SAB 121. 👨‍💼 Biden pointed out in an official statement that such actions could undermine the SEC's authority in accounting practices and emphasized that his government would not support measures that endanger the well-being of consumers and investors. 🚫

📅It is worth noting that SAB 121 will take effect on April 11, 2024, but has already triggered strong opposition from the crypto community and lawmakers. 💥Previously, the bill to overturn SAB 121 passed the House of Representatives and the Senate on May 8 and May 17 respectively. 🗳️

🔍For us who are optimistic about Bitcoin, this is a dynamic worth paying attention to. Although the resolution was vetoed, we can see that the influence of cryptocurrencies is expanding and is increasingly valued by all parties. 🚀Let us continue to pay attention to the global regulatory dynamics of blockchain, industry trends, and cryptocurrency news, and witness the development of this industry together! 🌐