📢Good news! U.S. Senator Cynthia Lummis' support for the cryptocurrency industry has been confirmed again. 😎 She said that U.S. President Biden missed the opportunity to correct his position on crypto assets by vetoing the repeal of the controversial cryptocurrency accounting standard SAB 121. 👀

Lummis commented on the X platform: "Congress gave the government the opportunity to correct its position on crypto assets. I will not sit idly by as the government tries to circumvent the law, and I will continue to work to promote financial innovation and key protections for crypto assets that this administration seems bent on stifling."💪

Earlier, President Biden vetoed a resolution to overturn the U.S. SEC's controversial crypto asset accounting standard SAB 121. "Overturning the SEC staff's well-thought-out judgment in this way could undermine the SEC's broader authority in accounting practices," he said in an official statement on May 31. 🤔

It seems that the regulatory dynamics in the cryptocurrency industry are still continuing to ferment, and we will continue to pay attention. 🔍