{"id":132576,"date":"2024-07-06T18:00:16","date_gmt":"2024-07-06T15:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132576"},"modified":"2024-07-06T23:45:55","modified_gmt":"2024-07-06T20:45:55","slug":"us-house-of-representatives-to-vote-on-controversial-bulletin-for-crypto-companies-next-week","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-house-of-representatives-to-vote-on-controversial-bulletin-for-crypto-companies-next-week\/","title":{"rendered":"US House of Representatives to Vote on Controversial Bulletin for Crypto Companies Next Week"},"content":{"rendered":"

The bulletin itself has sparked<\/strong><\/b><\/a> significant debate over the past year due to concerns in the crypto industry that it could prevent banks from effectively protecting their digital assets. Under the document, companies that hold cryptocurrencies must record customers\u2019 crypto liabilities as liabilities on their balance sheets.<\/p>\n

According to House Majority Leader Steve Scalise\u2019s weekly schedule<\/strong><\/b><\/a>, SAB 121 is on the list of \u201clegislation that may be considered<\/em>\u201d and could be debated on Tuesday or Wednesday of next week. The rule requires SEC-reporting entities holding cryptocurrencies to include those holdings on their balance sheets.<\/p>\n

The measure received a favorable vote of 228-182 in the House of Representatives in May, with support from mostly Republicans and 21 Democrats. A week later, the Senate voted 60-38, with several Democrats, including Senate Majority Leader Chuck Schumer, supporting the measure. However, a two-thirds majority vote of both the House and Senate would be needed to override Biden\u2019s veto.<\/p>\n