May 5, 2025

McHenry Pushes to Override Biden Veto on SEC’s Digital Asset Rule SAB 121

1 min read

In a recent development, Representative Patrick McHenry has pushed for the reversal of President Biden’s veto concerning SEC’s SAB 121. This initiative has garnered immense bipartisan support, with both major political parties rallying behind the cause. Critics argue that the SEC’s rule overreaches its authority, impacting banks’ digital asset custody practices detrimentally. Rep. McHenry champions

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