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President Biden Vetoes SEC SAB 121 Repeal Resolution


U.S. President Joe Biden issued a veto against H.J.Res. 109, a resolution that would disapprove of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). In its veto document, Bides states that the approval of this Republican-led resolution would...

Biden Administration Announces Opposition To FIT21


President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21), a Wednesday statement from the White House claims.  The White House's announcement comes the same day of the bill's vote in the House of Representatives. The post...

White House Plans to Nominate CFTC Commissioner Johnson for Treasury Position


According to reports, the US Treasury Department's top position involving bank supervision would be filled by the nomination of Kristin Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC), by the White House. The post White House Plans to Nominate CFTC Commissioner Johnson...

SEC Orders First Trust and SkyBridge to Declare ETF Application as Abandoned


The SEC has instructed First Trust Advisors and SkyBridge Capital, the hedge fund led by former White House Communications Director Anthony Scaramucci, to mark their Bitcoin ETF application as abandoned. The post SEC Orders First Trust and SkyBridge to Declare ETF Application as Abandoned appeared...

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