Advertisement
![Biden vetoes congressional disapproval of SEC accounting bulletin on crypto assets Biden vetoes congressional disapproval of SEC accounting bulletin on crypto assets](https://onecms-res.cloudinary.com/image/upload/s--c1IJ00UC--/c_fill,g_auto,h_468,w_830/fl_relative,g_south_east,l_mediacorp:cna:watermark:2024-04:reuters_1,w_0.1/f_auto,q_auto/v1/one-cms/core/2024-05-31t232158z_2_lynxmpek4u0wm_rtroptp_3_usa-election-biden.jpg?itok=K0_iif7a)
U.S. President Joe Biden looks on during a campaign event at Girard College in Philadelphia, Pennsylvania, U.S., May 29, 2024. REUTERS/Elizabeth Frantz
WASHINGTON : U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission’s accounting bulletin on crypto assets.
“By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues,” Biden said in a statement released by the White House.