US President Joe Biden opposes repeal of SAB 121

United States President Joe Biden said he vetoed THE resolution because "he will not support measures that to compromise THE well-being of consumers And investors."

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United States President Joe Biden has vetoed A resolution that would be to have rejected THE WE. Securities And Exchange Commission (SECOND) Staff Accounting Newsletter (SAB) No. 121. THE controversial decision was immediately encounter with critical Since THE cryptocurrency industry.

"Were disappointed that THE administrator selected has Cancel bipartisan majorities In both Houses of Congress WHO recognized THE harm created by SAB 121," crypto advocacy band THE Blockchain Association declared In A Can 31 X job following Biden argue that difficult THE propose guidelines would be compromise THE DRY authority.

"This reversal of THE considered judgement of SECOND staff In This path risks undercutting THE DRY wider authorities concerning...