President Joseph R. Biden Jr. has vetoed House Joint Resolution 109 (H.J.Res. 109). This resolution sought to disapprove the Staff Accounting Bulletin No. 121 (SAB 121) of the U.S. Securities and Exchange Commission (SEC), which provides guidance on firms’ accounting practices for safeguarding crypto-assets. President Biden highlighted the importance of SAB 121 in his decision, […]
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