Senate Urged by House GOP to Overturn SEC’s Anti-Crypto Rule

Quick Summary:

This resolution, approved by a 60-38 vote, seeks to lift restrictions that prevent financial institutions from serving as custodians for cryptocurrencies.

The Senate recently passed H.J.Res.109, which aims to overturn the SEC’s Staff Accounting Bulletin (SAB) No.121.

The bipartisan support underscores the growing momentum to reshape digital asset regulations.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Crypto Regulation News Market Market News SEC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 14:20:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 51 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 22103681

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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