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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.

By Jesse Hamilton, Nikhilesh De|Edited by Nikhilesh De

Updated May 31, 2024, 10:56 p.m. Published May 31, 2024, 9:26 p.m.

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