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Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy

Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members of Congress did, too.

Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)
Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)