BREAKING: US HOUSE REJECTS VETO OVERRIDE ON CRYPTOCURRENCY ACCOUNTING POLICY! 🚨🔥
KEY TAKEAWAYS:
🔹 US House fails to overturn President Biden's veto on SAB 121 cryptocurrency accounting policy
🔹 SEC's policy remains unchanged, requiring entities to record cryptocurrency holdings on balance sheets
🔹 Ongoing discussions between SEC, banking industry, and lawmakers aim to find common ground and potential revisions
🔹 Representative Maxine Waters leading Democratic efforts on cryptocurrency legislation
WHAT'S NEXT?
🔜 Industry stakeholders and regulators continue negotiations on SAB 121 implications and potential adjustments
🔜 Stay tuned for updates on this developing story!
SHARE THE NEWS AND JOIN THE CONVERSATION!
#SEC #USHouse #Write2Earn! #CPI_DATA #US_Job_Market_Slowdown