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❗️ The U.S. Senate has passed a decision to repeal a bill that prohibits banks from holding cryptocurrency

🇺🇸 Yesterday, the U.S. Senate passed a decision to repeal SEC's SAB 121 bill, which sets certain accounting standards for firms that hold cryptocurrency.

🔍 The bill requires companies to record customers' cryptocurrencies as liabilities on their balance sheets, which may prevent banks from holding cryptocurrency.

👤 Previously, President Joe Biden stated that he would veto any decision that repeals this bill. The Senate voted 60 to 38, which is not enough to override the presidential veto.

#USA #Congress #SEC #SAB121 #JoeBiden

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