Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
US House Committee Advances Bill to Revoke SAB 121 Rule, Paving the Way for Institutional Crypto Adoption

US House Committee Advances Bill to Revoke SAB 121 Rule, Paving the Way for Institutional Crypto Adoption

CointimeCointime2024/02/28 07:31
By:Cointime

The House Financial Services Committee is making progress in advancing Rep Mike Flood's bill to revoke the Staff Accounting Bulletin (SAB) 121 rule, which could lead to increased institutional adoption of cryptocurrencies. The CEO of the Chamber of Digital Commerce, Perianne Boring, has confirmed that momentum is building in Washington. Senator Lummis has expressed concerns about SAB 121, stating that it has significant implications and that the SEC should have received feedback from federal banking regulators and the public before implementing the directive. Congressmen Flood and Nickel are introducing a resolution under the Congressional Review Act, and Senator Lummis is a staunch supporter of the bill.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets

XRP sees steady recovery and Cardano stays under pressure, but BlockDAG’s 1.5M active miners may signal a high-growth crypto in the making. Discover why BDAG could become a top 10 crypto by 2025.BlockDAG’s X1 Miner Surpasses 1.5 Million Users as Adoption Surges Pre-LaunchCardano (ADA) Bearish Pattern May Mask Underlying Setup for RecoveryFinal Analysis

Coinomedia2025/06/09 07:08
XRP Recovers, Cardano Faces Resistance, and BlockDAG’s X1 Miner App Hits 1.5M Users As Early Adoption Skyrockets

BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?

BlockDAG slashes presale price to $0.0018, its lowest since Batch 1. With $290M already raised and a $0.05 launch target, the top crypto to buy in 2025 might just be this one. Offer ends June 13.Back to the Start: Lowest Pricing Since Batch 1 and Possibly the Final TimeWhy $0.05 Is Just the Start: The ROI Case That’s Capturing AttentionScarcity Heats Up as June 13 Deadline NearsFinal Thoughts: A Second Chance That Rarely Comes in Crypto

Coinomedia2025/06/09 07:08
BlockDAG’s $0.0018 Price Shakeup: Is This the Best Crypto to Buy in 2025 Before Time Runs Out?

Ethereum ETFs Record 15 Days of Bullish Inflows

U.S. spot Ethereum ETFs see 15 consecutive days of inflows, surpassing $837 million in total investments.Ethereum’s Institutional Appeal RisesWhat This Means for Ethereum’s Future

Coinomedia2025/06/09 07:08
Ethereum ETFs Record 15 Days of Bullish Inflows

Velo ($VELO) Eyes 260% Surge from Key Support

Velo ($VELO) may be poised for a 260% rally as it finds strong support near current levels.A 260% Upside Target at $0.048More Gains Ahead?

Coinomedia2025/06/09 07:08
Velo ($VELO) Eyes 260% Surge from Key Support