House votes to rescind SEC SAB 121 anti-crypto banking guidance

THE Home of Representatives has vote has to spill controversial SECOND advice that has virtually blocked banks Since guard crypto assets.

Own This piece of crypto history

THE United States Home of Representatives has vote has pass A Invoice that reversed controversial Securities And Exchange Commission advice to prevent banks Since possess crypto.

President Joe Biden, However, warned earlier In THE day that he would be veto THE new Invoice if he were has TO DO he has her desk.

On Can 8, THE Home vote has pass A bipartisan bill double H.J. Res 109 which reversed THE DRY Special Accounting Newsletter (SAB 121) that requires banks has socket their clients' crypto assets on their balance leaves — which East not THE case For traditional assets such as securities.

Republican Congressman Mike Flood — THE legislator WHO introduced THE resolution —