Odaily Planet Daily News: U.S. Congressman Mike Flood recently stated, "Despite widespread opposition, SAB 121 continues to operate as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC Chair to rescind SAB 121. Whether Chair Gary Gensler leaves voluntarily or President Trump fulfills his promise to dismiss Gensler, the new administration has a fantastic opportunity to usher in a new era after Gensler's departure." He added, "Gensler opposed the bipartisan digital asset regulatory framework passed by the House earlier this year, which should come as no surprise. 71 Democrats joined House Republicans in passing this common-sense framework. Although the Democrat-led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and may inform the work of a unified Republican government when the next Congress begins in January."

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