U.S. House Approves Vote to Repeal SEC's Cryptocurrency Accounting Regulation

Quick Summary:

The US House of Representatives passed a resolution aiming to overturn a Securities and Exchange Commission (SEC) bulletin on accounting standards for cryptocurrency custodians.

The measure, passed by a vote of 228-182, saw significant support from Republicans and backing from 21 Democrats.

She argued that the regulation aids in providing transparency and could help prevent the type of fraud that has been seen in the collapse of major crypto firms.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Regulation News SEC regulations Us congress

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-09 @ 07:59:51 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20919345

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 11 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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