2024-5-18 12:42 |
Will President Joe Biden veto a Senate ruling to scrap controversial crypto regulations? SAB 121 explained. origin »
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Any level above $150,000 for Bitcoin would be “speculative fever,” US SEC cancels SAB 121 rule, and more: Hodler’s Digest
2025-1-26 01:51 | |
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US President Joe Biden vetoed H. J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff.
2024-6-1 03:33 | |
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Сенат США большинством голосов принял законопроект об отмене директивы Комиссии по ценным бумагам и биржам SAB 121, которая закрывала американским банкам возможность выступать в качестве кастодиальных хранителей цифровых активов своих клиентов.
2024-5-17 17:22 | |
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United States' Senate voted to scrap the SEC’s SAB 121 crypto custody policy Crypto backers supported the move, but whether the U. S president will veto it remains to be seen In a surprisThe post U.
2024-5-17 16:00 | |
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The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it.
2024-5-17 23:06 | |
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The passage of a resolution to nullify the SEC's controversial SAB 121 rule has been celebrated as a major legislative victory for the cryptocurrency industry
2024-5-16 21:06 | |
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The U. S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy.
2024-5-17 20:20 | |
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US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets.
2024-5-15 20:19 | |
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Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
2024-5-10 22:45 | |
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The Biden administration said on May 8 that it would veto H. J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system.
2024-5-9 23:02 | |
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House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.
2024-5-8 02:04 | |
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U. S. banks have requested the SEC to tweak crypto-regulations under SAB 121 Their appeal seeks more adaptable regulations to facilitate banks' involvement in digital asset markets A coalitioThe post Bitcoin at $50K - Here's how U.
2024-2-17 16:30 | |
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In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.
2023-11-17 15:07 | |
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The Bank of New York Mellon’s (BNY Mellon) foray into the digital asset custody business has hit a regulatory hurdle, per American Banker. It emerged that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121) requires custodians of digital assets to record those assets on their balance sheets.
2023-6-30 19:15 | |
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Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD/Luna. Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US.
The Philippine Securities and Exchange Commission (SEC) has unveiled a draft of its proposed “SEC Rules on Crypto-Assets Service Providers (CASP Rules),” aimed at regulating the country’s booming cryptocurrency sector.
Richard Schueler, known to many as Richard Heart, and the founder of Hex and PulseChain, has entered Europe’s most-wanted list. Finnish authorities issued the notice alleging assault and tax fraud.
Cambodia has intensified its digital assets regulatory measures. It has placed a ban on 16 popular cryptocurrency exchange platforms. Cambodia has reportedly blocked websites of 16 crypto exchanges amid regulatory efforts to combat potential crypto related crime.
Polymarket could face a potential ban in France.
Pennsylvania House of Representatives have passed “The Bitcoin Rights Bill”, with a bipartisan majority of 176 to 26. The bill seeks regulatory clarity to the digital assets industry, including on self-custody, payments and taxation.
Ghana's central bank unveils draft crypto regulations to balance innovation and financial security.