Update On Cryptocurrency Accounting Policy SAB 121: Decision Pending From President

In Case of SAB 121 Rejection, FDIC Nominee Goldsmith Romero Says Banks Can Custody Digital Assets

US lawmakers failed to overturn SAB121 bill, vetoed by Biden

Reversed Fortunes: SAB121's Demise Initiates Crypto Policy Reform

In recent times, the Senate has voted to overturn the SEC’s Staff Accounting Bulletin No. 121—also known as SAB121. Following this, the Biden administration has vowed that he would veto this bill if it were passed. So what is all this fight about, and what is the big hoo-ha behind this bill?

Biden vetoes SAB 121 bill: will not support measures that harm consumers

U.S. President Biden said he vetoed the resolution because "he will not support measures that endanger the well-being of consumers and investors."

Lawmakers Urge Biden to Reconsider SAB 121 Repeal Veto

Bipartisan lawmakers urge Biden to reconsider veto on SAB 121 repeal, citing concerns over crypto regulation and market stability.

What does the SAB 121 vote mean for future crypto legislation?

The U.S. Senate joined the House of Representatives in voting to repeal a controversial Securities and Exchange Commission (SEC) accounting rule that imposed onerous capital requirements on crypto custodians.

Biden Might Reconsider SAB 121 Vote Veto Amid Political Support for Cryptocurrency

Senate's bipartisan approval of H.J.Res. 109 challenges SEC's SAB 121, pushing President Biden to decide amidst political and industry pressures.

House Votes to Nullify SEC's Anti-Crypto Banking Guidance SAB 121

House passes bipartisan bill to challenge SEC's crypto guidance, faces potential veto from President Biden.

Bill to Establish Licensing Framework for Crypto Companies Was Vetoed 

The governor also highlighted the financial commitment the bill would require. The White House recently released several reports on the crypto industry.

Panama President Vetoes Cryptocurrency Bill Citing FATF Guidelines

While the president had previously called the bill innovative, concerns about anti-money laundering measures brought it back to the administration for discussion.