Biden makes last-minute move to veto crypto bill – US banking lobby scrambles
Washington, D.C. – In a last-minute effort, the U.S. banking lobby is pushing to prevent President Biden from vetoing the overturn of SAB 121, a regulation relating to cryptocurrency. The move comes after Congress passed a bill regarding the custody of digital assets, which Biden vetoed, causing a stir in the financial world. The lobby’s attempt to stop the veto reflects their concerns about the implications of overturning regulatory guidance related to cryptocurrencies. Meanwhile, President …