🔥🔥🔥 CANCELLATION OF SEC'S CRYPTO RULE‼️
➡️ The US House of Representatives' 228-182 vote to pass an important resolution that could affect banks' custody of cryptocurrencies made waves in the Bitcoin and altcoin industry and financial regulations.
➡️ This decision blocks a move by the Securities and Exchange Commission (SEC). In particular, it aims to cancel Accounting Bulletin Statement (SAB) 121, which the SEC published in 2022.
➡️ The decision is not expected to pass the Senate. The White House also opposed the decision and said President Joe Biden would veto it.
➡️ As a result, the decision of the US House of Representatives proposing changes in cryptocurrency custody rules is critical. Because it is an important development in the Bitcoin and altcoin industry and financial regulations. The final impact of the decision becomes clear after the Senate's vote and the White House's veto threat.
