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Biden vetoes congressional SEC crypto asset accounting announcement

Broadcast United News Desk
Biden vetoes congressional SEC crypto asset accounting announcement

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WASHINGTON: U.S. President Joe Biden on Friday overruled Congress’ disapproval of the U.S. Securities and Exchange Commission’s announcement on accounting for crypto assets.

“This Republican-led resolution, which invokes the Congressional Review Act, would inappropriately limit the SEC’s ability to enact appropriate guardrails and address future issues,” Biden said in a statement released by the White House.

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