In the USA, the crypto community supports reconsidering the cancellation of SAB Bulletin 121

The U.S. Congress will passionately consider repealing SAB Bulletin 121 for the SEC, which requires large companies and banks to note clients' cryptoassets on their balance sheets, making the process expensive and limiting services for clients who want to hold significant amounts of cryptoassets.

In May 2024, a resolution to repeal the bulletin was voted on and passed in the US Senate.

However, President Joe Biden later vetoed the initiative, arguing that banning the bulletin would undermine the powers of both the SEC and other regulatory agencies. $BTC