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Biden vetoes congressional disapproval of SEC accounting bulletin on crypto assets




By Reuters | Updated: June 01, 2024

WASHINGTON, May 31 (Reuters) – U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission’s accounting bulletin on crypto assets.

“By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues,” Biden said in a statement released by the White House.

@ Thomson Reuters 2024