Biden vetoes bill to repeal SEC's SAB 121 on crypto custody accounting standards !

U.S. President Joe Biden vetoed a bill to overturn SEC bulletin SAB 121, which sets accounting standards for firms that custody crypto. In his letter to the U.S.

House, Biden emphasized the need for guardrails to protect consumers and investors. The bulletin has faced criticism from the crypto industry, fearing it may hinder banks from safeguarding digital assets.

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