Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

2025-06-05

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

2025-06-05

XRPL is confronted

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04
  • NFT

    Yuga Labs throws NFT icons while it doubles on monkeys and others.

    2025-06-04

    Trump Deepfake calls for Velociraptors on Border Patrol, charges 1.2 m view

    2025-06-03

    MINTABLE reveals Green NFT -card game on Singapore Climate Festival

    2025-06-03

    Solana Trump NFTS AirDroped to Crypto Dinner -Gasten – one already sold for $ 16k

    2025-06-03

    NFT -Market slips in May despite the growth of the buyers and profit of Bitcoin, Avalanche

    2025-06-02
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    XRP -Price could reach $ 21 This bull’s cycle with 1,618 FIB level as the next target

    2025-06-04

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04

    $ 400,000,000 Coinbase hack coupled with employee -based employee caught taking photos of the computer screen: report

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»The House Appropriation budget is intended to prevent SEC from implementing SAB 121
US court rules crypto influencer conducted unregistered offering of crypto asset securities
Regulation

The House Appropriation budget is intended to prevent SEC from implementing SAB 121

2024-06-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

An upcoming House Appropriation budget could prevent the US SEC from enacting its controversial Staff Accounting Bulletin 121 (SAB 121).

FOX Business reporter Eleanor Terrett, who reported the news June 4, said the bill would prohibit the SEC from using appropriated funds to implement the rule. Appropriations allow agencies to make obligations and make payments from the U.S. Treasury Department for certain purposes.

One policymaker in the budget states:

“Prohibits the SEC from implementing or enforcing Staff Accounting Bulletin No. 121, which implements harmful digital asset requirements.”

It is unclear whether the budget will pass in its current form. The House of Representatives, which currently has a Republican majority, is likely to pass the appropriations bill at a hearing on June 5. However, the Senate, which has a Democratic and Independent majority, will have to negotiate its own appropriation bill against that of the House of Representatives.

According to Terret, there is democratic support for an earlier resolution with the same goal: HJ Res. 109 – means that the Senate can leave the rider in the budget.

The bill also aims to provide the SEC with $2 billion in total funding by 2025, as opposed to the $2.59 billion requested by SEC Chairman Gary Gensler.

Commissioner Uyeda supports the overthrow

Terret also reported that SEC Commissioner Mark Uyeda is in favor of repealing SAB 121 and that it was “unfortunate” that US President Joe Biden vetoed it HJ Res. 109.

Uyeda added that the SEC’s decision to implement SAB 121 through a regulatory edict circumvented regulations under the Administrative Procedure Act (APA) and thereby “undermined[ting] our system of checks and balances against an overreaching administrative state.”

See also  SEC Attorneys Resign After Controversial DEBT Box Case

Uyeda’s complaint echoes previous criticism from fellow SEC commissioner Hester Peirce, who said in 2022 that a bulletin was not the “appropriate vehicle” for relevant change.

Uyeda and Peirce objected to procedural shortcomings rather than the exact content of SAB 121. Peirce said the decision itself “may be appropriate.”

Attempts at overthrow failed

SAB 121 requires financial institutions and other companies that protect customers’ digital assets to record the assets on their balance sheets. The approach to accounting and disclosure is demonstrably high capital and liquidity costs for those companies.

The U.S. House and Senate voted to pass HJ Res. 109 and destroys the bulletin, after which the Senate adopts the resolution on May 16.

However, on May 31, Biden vetoed the resolution over concerns that it would undermine the SEC and endanger consumers and investors.

Biden’s veto was met with resistance as lawmakers from the House of Representatives, the American Bankers Association and other groups urged Biden to sign the resolution into law.

Mentioned in this article
Last Alpha Market report



Source link

Appropriation budget House implementing intended Prevent SAB SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

2025-06-04

The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

2025-06-04

SEC chairman Paul Atkins clearly promises crypto rules to tackle bad actors

2025-06-04

NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

2025-06-03
Add A Comment

Comments are closed.

Top Posts

Ethereum – How ‘strong’ sellers can limit the benefit of ETH in the charts

2025-02-22

Bitcoin Calls, THORChain Answers: What Does RUNE Do?

2023-11-13

TON Foundation partners with Chainalysis for Blockchain security

2023-05-03
Editors Picks

NFT ETF ‘Unlikely’ as investors still think ‘nonsense’, according to experts

2025-03-05

‘I expect enormous benefits from this market innovation’: new SEC chairman signals crypto -policy shift in new speech

2025-04-26

Avalanche sees record 577,000 daily Txns powered by new social platform Stars Arena

2023-10-08

Decentraland’s ugly sweater wearable contest for Christmas!

2023-07-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

XRPL is confronted

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,819.98-0.58%
  • ethereumEthereum(ETH)$2,607.79-0.90%
  • tetherTether USDt(USDT)$1.00-0.07%
  • rippleXRP(XRP)$2.20-2.14%
  • binancecoinBNB(BNB)$664.01-0.86%
  • solanaSolana(SOL)$152.09-2.54%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.188873-2.92%
  • tronTRON(TRX)$0.2732720.26%
  • cardanoCardano(ADA)$0.68-1.99%
  • hyperliquidHyperliquid(HYPE)$35.14-4.93%
  • suiSui(SUI)$3.15-1.86%
  • chainlinkChainlink(LINK)$13.74-3.50%
  • avalanche-2Avalanche(AVAX)$20.15-4.60%
  • unus-sed-leoUNUS SED LEO(LEO)$9.041.24%
  • stellarStellar(XLM)$0.266600-2.47%
  • the-open-networkToncoin(TON)$3.231.81%
  • bitcoin-cashBitcoin Cash(BCH)$399.64-2.03%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.73%
  • hedera-hashgraphHedera(HBAR)$0.167077-2.23%
  • litecoinLitecoin(LTC)$87.56-3.26%
  • polkadotPolkadot(DOT)$4.01-3.01%
  • moneroMonero(XMR)$333.03-3.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bitget-tokenBitget Token(BGB)$4.64-3.90%
  • daiDai(DAI)$1.00-0.04%
  • pepePepe(PEPE)$0.000012-5.70%
  • piPi(PI)$0.64-2.72%
  • aaveAave(AAVE)$261.68-3.38%
  • uniswapUniswap(UNI)$6.28-7.18%
  • bittensorBittensor(TAO)$368.88-6.32%
  • okbOKB(OKB)$50.240.29%
  • crypto-com-chainCronos(CRO)$0.100856-2.04%
  • aptosAptos(APT)$4.77-3.07%
  • nearNEAR Protocol(NEAR)$2.45-2.72%
  • internet-computerInternet Computer(ICP)$5.14-4.20%
  • ethereum-classicEthereum Classic(ETC)$17.17-2.51%
  • ondo-financeOndo(ONDO)$0.82-3.18%
  • gatechain-tokenGateToken(GT)$18.67-3.17%
  • kaspaKaspa(KAS)$0.084950-2.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213120-1.41%
  • mantleMantle(MNT)$0.66-3.73%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.74-3.86%
  • vechainVeChain(VET)$0.023889-3.00%
  • render-tokenRender(RENDER)$3.75-4.81%
  • ethenaEthena(ENA)$0.309146-7.44%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.78-5.02%
  • worldcoin-wldWorldcoin(WLD)$1.11-4.00%
  • arbitrumArbitrum(ARB)$0.351514-3.12%
  • bitcoinBitcoin(BTC)$104,819.98-0.58%
  • ethereumEthereum(ETH)$2,607.79-0.90%
  • tetherTether USDt(USDT)$1.00-0.07%
  • rippleXRP(XRP)$2.20-2.14%
  • binancecoinBNB(BNB)$664.01-0.86%
  • solanaSolana(SOL)$152.09-2.54%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.188873-2.92%
  • tronTRON(TRX)$0.2732720.26%
  • cardanoCardano(ADA)$0.68-1.99%
  • hyperliquidHyperliquid(HYPE)$35.14-4.93%
  • suiSui(SUI)$3.15-1.86%
  • chainlinkChainlink(LINK)$13.74-3.50%
  • avalanche-2Avalanche(AVAX)$20.15-4.60%
  • unus-sed-leoUNUS SED LEO(LEO)$9.041.24%
  • stellarStellar(XLM)$0.266600-2.47%
  • the-open-networkToncoin(TON)$3.231.81%
  • bitcoin-cashBitcoin Cash(BCH)$399.64-2.03%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.73%
  • hedera-hashgraphHedera(HBAR)$0.167077-2.23%
  • litecoinLitecoin(LTC)$87.56-3.26%
  • polkadotPolkadot(DOT)$4.01-3.01%
  • moneroMonero(XMR)$333.03-3.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bitget-tokenBitget Token(BGB)$4.64-3.90%
  • daiDai(DAI)$1.00-0.04%
  • pepePepe(PEPE)$0.000012-5.70%
  • piPi(PI)$0.64-2.72%
  • aaveAave(AAVE)$261.68-3.38%
  • uniswapUniswap(UNI)$6.28-7.18%
  • bittensorBittensor(TAO)$368.88-6.32%
  • okbOKB(OKB)$50.240.29%
  • crypto-com-chainCronos(CRO)$0.100856-2.04%
  • aptosAptos(APT)$4.77-3.07%
  • nearNEAR Protocol(NEAR)$2.45-2.72%
  • internet-computerInternet Computer(ICP)$5.14-4.20%
  • ethereum-classicEthereum Classic(ETC)$17.17-2.51%
  • ondo-financeOndo(ONDO)$0.82-3.18%
  • gatechain-tokenGateToken(GT)$18.67-3.17%
  • kaspaKaspa(KAS)$0.084950-2.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213120-1.41%
  • mantleMantle(MNT)$0.66-3.73%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.74-3.86%
  • vechainVeChain(VET)$0.023889-3.00%
  • render-tokenRender(RENDER)$3.75-4.81%
  • ethenaEthena(ENA)$0.309146-7.44%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.78-5.02%
  • worldcoin-wldWorldcoin(WLD)$1.11-4.00%
  • arbitrumArbitrum(ARB)$0.351514-3.12%