News Explorer — House Will Reconsider Bill to Overturn SEC's SAB 121 Crypto Rules

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Jul 6, 12:29 pm

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House Will Reconsider Bill to Overturn SEC's SAB 121 Crypto Rules

The US House of Representatives will reconsider a bill to overturn the SEC's SAB 121, which critics say hinders crypto companies' collaboration with banks. President Biden vetoed the bill in May, but it will be reconsidered this week. Achieving a two-thirds majority in both the House and Senate to override the veto may prove challenging.

The US House of Representatives will reconsider a bill to overturn the SEC's SAB 121, which critics say hinders crypto companies' collaboration with banks. President Biden vetoed the bill in May, but it will be reconsidered this week. Achieving a two-thirds majority in both the House and Senate to override the veto may prove challenging.

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