Birdwatch Note Rating
2024-05-08 22:40:03 UTC - HELPFUL
Rated by Participant: 60B8325F7A25D5746812C0F160128A595CFE1AACB1A07A048AE08B2AC089085E
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