Yes, yes, you heard right! The U.S. Senate will vote on Thursday on the SEC's proposal to repeal Staff Accounting Bulletin 121. 😱 This newsletter explains how businesses will account for crypto assets. But critics claim that this bulletin discourages large custodians and other companies from holding crypto for customers. 🙅‍♂️

If signed by Biden, the order would disapprove the release and prevent the SEC from issuing similar guidance in the future. However, the White House has threatened to veto this resolution if it moves forward. 🚫

But hey, don't worry! With 21 Democratic and mostly Republican votes, the resolution moves forward. 🎉🎉

What do you think about this situation? We are waiting your comments!#DeFi#Web3#Blockchain🚀🚀