The US House of Representatives is expected to pass a Senate vote on a resolution to rescind the Securities Exchange Commission's employee accounting notice, SAB 121, according to several people familiar with the matter.
SAB 121 requires companies to keep a record of their crypto holdings on their balance sheets, but critics say the rule is too onerous and effectively prevents major custodians and companies from holding crypto assets for clients. Last week, the US House of Representatives voted to move forward with the resolution.
The Senate could vote on the resolution later Thursday morning local time, sources said, and it is currently "well-positioned" in the Senate, where a number of Democrats are expected to vote. If the resolution is ultimately passed and signed by President Biden, the SEC would be barred from issuing any similar guidance. However, the White House has previously threatened Biden with veto power once the resolution is passed in the Senate.
The U.S. House of Representatives' resolution to overturn controversial SEC rules could pass the Senate
2024-05-15 16:16:03
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美国众议院推翻有争议的SEC规则的决议可能会在参议院通过Next article：
美司法部：攻击以太坊区块链盗取2500万美元加密货币的两兄弟被捕
