Odaily Planet Daily News: The U.S. Senate voted 60 to 38 to pass a resolution to overturn SEC SAB 121, but the resolution may be rejected after it reaches President Biden’s desk. It is reported that the U.S. SEC previously issued a staff accounting announcement 121 SAB 121, which requires companies to record their crypto assets on their balance sheets, but critics believe that this regulation is too strict and actually prevents major custodians and companies from holding crypto assets for their clients.