Biden: Proper guardrails to protect consumers and investors are essential to capitalizing on the potential benefits and opportunities of crypto-asset innovation
2024-06-01 21:03:01
President Joe Biden has formally vetoed the SAB121 bill. In his veto message released late Friday, Biden said, My administration will not support measures that harm the well-being of consumers and investors. Proper guardrails to protect consumers and investors are essential to capitalize on the potential benefits and opportunities of crypto-asset innovation. In his statement, Biden added that he is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets.
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