"Attention! The US House of Representatives is preparing to reconsider a bill aimed at repealing an SEC directive that critics say prevents crypto companies from doing business with banks. 🏦 The bill, previously rejected by President Biden, is proposed for reconsideration on or after July 9. The SEC has issued an Accounting Bulletin Accounting No. 121, advising financial institutions that hold cryptocurrency on behalf of clients to include those assets on their balance sheets as if they owned them. This guidance has been criticized for discouraging investment banks and other traditional financial entities from providing services. for storing cryptocurrency on a large scale."