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US House may vote to overturn Biden's SAB 121 veto next week
6.7.2024
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto
US Government to Report Seized Crypto as ‘Nonmonetary Property’
23.6.2024
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies...
Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting
20.6.2024
Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSuite
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
12.6.2024
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within...
US President Joe Biden vetoes SAB 121 repeal
1.6.2024
Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors."
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
31.5.2024
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's (SEC) crypto accounting policy
BlackRock’s Bitcoin ETF Sees $300 Million in Inflows, Reversing Trend of Low Flows
22.5.2024
BlackRock's spot Bitcoin ETF has generated significant traction, accounting for 95% of the total inflow into United States spot Bitcoin ETFs on Tuesday.
The post BlackRock’s Bitcoin ETF Sees $300 Million in Inflows, Reversing Trend of Low Flows appeared first on Cryptonews
‘Winter is over’ — Bullishness returns in wake of Ether ETF anticipation
21.5.2024
Many industry pundits speculate the SEC’s sudden change of pace on spot Ether ETFs could be a result of increased political pressure
US Senate overturns SEC’s anti-crypto resolution, but will Biden veto? Law Decoded
20.5.2024
The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC
Biden may rethink SAB 121 vote veto due to political support for crypto
18.5.2024
The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
17.5.2024
U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
16.5.2024
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution
Breaking: Senate Overwhelmingly Votes To Overturn The SEC’s SAB121
16.5.2024
The U.S. Senate voted to formally issue a disapproval of the United States Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121 on Monday afternoon. The vote follows a House vote of the federal agency’s guidelines, with the resolution now headed to President...
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
16.5.2024
The SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler
Congressman Wiley Nickel Slams SEC’s “Open Hostility” Towards Digital Assets, Urges Gensler To Rescind SAB121
15.5.2024
Congressman Wiley Nickel (D-CA) is criticizing United States Securities and Exchange Commission (SEC) Chair Gary Gensler over SAB121 and the agency’s “open hostility” towards crypto, a Wednesday letter to Gensler from Congressman reveals. Nickel's letter comes amidst the controversial staff...
UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect
14.5.2024
The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies.
The post UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect appeared first on Cryptonews
Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
9.5.2024
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
House Poised to Vote on Erasing SEC Crypto Policy While President Biden Vows Veto
8.5.2024
The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he'll veto...
President Biden says he would veto resolution countermanding SEC crypto rule
8.5.2024
After the U.S. House of Representatives postponed proceedings on a resolution overturning an SEC policy affecting crypto, President Joe Biden said he would veto the measure
House Slated To Vote Today On Controversial Crypto Bulletin SAB 121 Resolution
8.5.2024
The U.S. House of Representatives is set to vote this afternoon on a resolution proposed by Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE) that would see a formal disapproval of the United States Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. News of...