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House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.

By Jesse Hamilton|Edited by Nikhilesh De

Updated May 8, 2024, 10:13 p.m. Published May 8, 2024, 8:17 p.m.

President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)