Joe Biden steps back, vetoes crypto bill after Trump conviction
After not using this same power last week, Joe Biden surprised the crypto currency market by vetoing a crypto -related bill. This step-back decision happened amid Donald Trump’s conviction in an unprecedented election where crypto currencies could play an important role. On May 31, nearing the end of the day and week, Joe Biden vetoed congressional disapproval of the U.S. Securities and Exchange Commission’s (SEC) accounting bulletin on crypto assets—the SAB 121. “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.” Picks for you Bitcoin price explosion: Chart patterns identify explosive BTC levels to watch 25 mins ago ...