🚀 DeFi fans, rejoice! Over 40 Republican senators and reps are calling out the SEC's "disastrous" SAB 121 rule. They argue it messes with crypto custody, weakens consumer protections, and stifles innovation. 💡

In a spicy letter to SEC Chair Gary Gensler, they claim the rule was issued without proper consultation and deviates from established standards. They say it puts consumers at risk and dodges the usual rulemaking process.

What do you think? Should the SEC rescind SAB 121? Drop your thoughts in the comments! #DeFi #Web3 #CryptoRegulation