Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
US lawmakers, led by House Financial Services Chairman Patrick McHenry and Representative Patrick McHenry and pro-cryptocurrency Senator Cynthia Lummis, have asked the SEC to repeal SAB 121.
The letter was joined by 13 senators and 29 House members criticizing the SEC, its approach to SAB 121, and violating the Administrative Procedure Act.
This synchronized bipartisan appeal came ahead of the SEC’s scheduled oversight hearing tomorrow, and should have a strong impact.
Stay tuned for further details.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.