đ„ U.S. Rep Slams SEC's SAB 121: Crypto Industry Under Fire đ„
A U.S. House Representative criticized the SECâs SAB 121 regulation, reigniting debates on its impact on crypto.
đ Key Points:
SAB 121, introduced in March 2022, requires companies holding crypto for customers to record these assets on their balance sheets.
Industry Concerns: Critics argue it adds unnecessary financial risk and stifles innovation in the crypto space.
The move reflects growing tensions between regulators and the crypto industry. Is this another step backward for adoption?
#CryptoRegulations #SECWatch #BinanceUpdates #DeFiNews
#MuskXPayments #ETHPriceSurge #USBitcoinBill #ADAHits1USDT #BTCBreaks100K? #SOLHitsATH #XRPAndSECShift #GaryGenslerResignation #JoblessClaimsLowestApril #EyesOnBTC
