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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...

US House Passes Central Bank Digital Currency Anti-Surveillance State Act


The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented central bank digital currency (CBDC). The lawmaker emphasized that the bill protects American values of privacy and individual...

The House passes a crypto regulatory framework bill; what’s next?


FIT21 has reached a significant milestone. The House has cleared the way for the legislation to climb the ladder rather than move to the Senate and President to become law officially. What lies next is a phase of optimism and clarity for the crypto market. Biden’s opposition to the bill...

US House Votes to Block Federal Reserve’s Digital Dollar Plans


The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. The post US House Votes to Block Federal Reserve’s Digital Dollar Plans appeared first on Cryptonews

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