Unfortunately, the legislation is now heading to the desk of President Joseph Biden, who has vowed to veto it to show solidarity with the SEC. A number of prominent Democrats, including New York Sen. Chuck Schumer, voted in favor of overturning the circular, but the Senate’s 60-38 vote on Thursday did not cross the threshold to override a presidential veto.
What does the SAB 121 vote mean for future cryptocurrency legislation?
By Crypto Flexs1 Min Read
