🚀 Big news from Capitol Hill! 42 Republican senators and reps are urging the SEC to ditch the "disastrous" SAB 121 rule. They argue it messes with crypto custody, weakens consumer protections, and stifles innovation. 🤔

Their letter claims the rule, which forces SEC-reporting entities to list crypto holdings as liabilities, was issued without proper consultation and deviates from accounting standards.

Is this a win for DeFi and Web 3? Or just more political drama? Drop your thoughts below! #DeFi #Web3 #CryptoRegulation