{"id":132943,"date":"2024-07-12T07:30:12","date_gmt":"2024-07-12T04:30:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132943"},"modified":"2024-07-11T17:48:45","modified_gmt":"2024-07-11T14:48:45","slug":"debate-intensifies-over-crypto-regulation-amid-sab-121-bill-veto","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/debate-intensifies-over-crypto-regulation-amid-sab-121-bill-veto\/","title":{"rendered":"Debate Intensifies Over Crypto Regulation Amid SAB 121 Bill Veto"},"content":{"rendered":"

This bill mandates that crypto firms must list customer holdings as liabilities on their balance sheets, a move intended to mitigate risks associated with crypto investments.<\/p>\n

Initially met with resistance, Congress attempted to block the bill through H.J. Res. 109, only to face President Biden\u2019s subsequent veto, which reinstated the SAB 121 Bill. This decision has reignited debates over its potential implications for market innovation and the involvement of banking institutions in crypto custody.<\/p>\n

Supporters of the SAB 121 Bill argue that it provides essential clarity and security measures for investors navigating the volatile world of cryptocurrencies.<\/p>\n