Congress

Senate Votes to Scrap SEC Crypto Policy, Biden Vows to Veto Joint Resolution

Eleven Senate Democrats joined Republicans to cancel SEC guidance on cryptocurrency.
Senate Votes to Scrap SEC Crypto Policy, Biden Vows to Veto Joint Resolution
A Bitcion mock-up on Jan. 12; 2022. John Fredricks/The Epoch Times
Andrew Moran
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The Senate voted to nix a Securities and Exchange Commission (SEC) accounting policy related to cryptocurrency on May 16, setting up a possible showdown with President Joe Biden, who has promised to veto the joint resolution.

Using the Congressional Review Act, lawmakers in the upper chamber voted 60–38 to scrap Staff Accounting Bulletin 121.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."