Birdwatch Note Rating
2024-05-14 06:39:18 UTC - HELPFUL
Rated by Participant: 585E3FAC3B81A99237D5E17B318A9E830081A06FADE5775EB7AA94320FA72F4F
Participant Details
Original Note:
This legislation would invalidate SAB 121 which circumvented APA rule making and would largely hinder banks custody of crypto assets. Biden threatening to veto it hurts crypto adoption. Senator Cynthia Lummis supports this bill being passed. https://www.coindesk.com/policy/2024/02/01/us-lawmakers-seek-to-overturn-secs-crypto-accounting-policy/
All Note Details