
Biden Vetoes SAB-121 Disapproval; Strikes Blow for Compliance
Washington, D.C.—In an unexpected twist that left both crypto enthusiasts and bipartisan legislators scratching their heads, President Joseph R. Biden Jr. has vetoed H.J. Res. 109 on May 31, 2024, effectively maintaining the contentious Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB-121) in place. With