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<ul><li>The US House of Representatives upvotes for H.J. Res 109 as it removes the roadblocks of trusted firms from acting as custodians for digital assets.</li><li>Joe Biden released an official statement on May 8 opposing H.J. Res 109, which overturns SAB 121 guidelines.</li><li>On the same day former US President Donald Trump said that he would accept crypto payments for his campaigns at an event organized for Mugshot Edition NFT buyers.</li></ul>On May 8, the US House of Representatives passed a bill (H.J. Res 109) that would overturn SEC Staff Accounting Bulletin SAB 121, which provides guidance on crypto regulation. The US President Joe Biden, released a statement expressing <a href="https://twitter.com/coinbureau/status/1788420127261941814" rel="noopener noreferrer nofollow">opposition</a> for the H.J. Res 109 as it would disrupt SEC’s work of protecting investors in the crypto-asset market.Republican Party Representative Mike Flood, who <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID&#61;409163" rel="noopener noreferrer nofollow">introduced</a> the bill, said that SAB 121 presented an unfair situation for banks aiming to custody cryptocurrencies. The Financial Services Committee Chairman Patrick McHenry supports H.J. Res 109 as it removes the roadblock for trusted firms to offer crypto custodian services for digital assets. Chairman Patrick McHenry stated,<a href="https://cryptotale.org/biden-supports-secs-regulation-while-trump-welcomes-crypto-donations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Biden Supports SEC’s Regulation While Trump Welcomes Crypto Donations

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