2024

Rule

Coin

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 <li>The Senate passed H.J.Res. 109 to remove restrictions on financial firms’ custody of cryptocurrencies, with bipartisan support.</li>
 <li>House Republicans and Democrats have shown strong support for digital asset legislation, highlighting its critical importance.</li>
 <li>Pennsylvania’s 2024 Senate race between Bob Casey and Dave McCormick is shaping up to be highly competitive and closely watched.</li>
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 The Senate must urgently act on digital asset legislation. The future of the U.S.’s role as a hub for capital deployment, as well as technological innovation and adoption, is on the line. <a href="https://t.co/8GozttqmlM" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8GozttqmlM</a>— Financial Services GOP (@FinancialCmte) <a href="https://twitter.com/FinancialCmte/status/1824085864567222447?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 15, 2024</a>
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The Senate recently passed <a href="https://www.congress.gov/bill/118th-congress/house-joint-resolution/109" target="_blank" rel="noopener noreferrer nofollow">H.J.Res. 109</a>, which aims to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121. This resolution, approved by a 60-38 vote, seeks to lift restrictions that prevent financial institutions from serving as custodians for cryptocurrencies. The bipartisan support underscores the growing momentum to reshape digital asset regulations.
The House of Representatives had already passed H.J.Res. 109 the previous week. The resolution tackles the stringent limitations imposed by SAB 121, which…
The post <a href="https://coinedition.com/senate-urged-by-house-gop-to-overturn-secs-anti-crypto-rule/" rel="noopener noreferrer nofollow">Senate Urged by House GOP to Overturn SEC’s Anti-Crypto Rule</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Senate Urged by House GOP to Overturn SEC’s Anti-Crypto Rule

Coin Edition

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