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A digital illustration of President Joe Biden signing a veto, with a backdrop of the U.S. Capitol and symbols of cryptocurrency, such as Bitcoin and Ethereum logos, intertwined with traditional financial icons like balance sheets and bank buildings.

Joe Biden Vetoes Crypto Rule Backing SEC's SAB 121

Despite criticism, Biden is willing to collaborate with Congress on appropriate legislation

President Biden has vetoed a congressional resolution to repeal the SEC's Staff Accounting Bulletin No. 121. Despite bipartisan support for the repeal, Biden emphasized the need for consumer and investor protection. The decision has sparked a mixed reaction within the crypto community.

June 1, 2024 08:38 AM

business

Wells Fargo Accused of Illegally Seizing Customer Funds

The US-based multinational financial services institution faces class-action lawsuit for skipping legal processes

May 24, 2024 03:00 AM

business

Victims of Texas Bank Will Receive $384M

The Texas-based online bank was accused of tricking customers into repaying loans they did not owe

May 19, 2024 10:22 AM

cryptocurrency

US Senators Propose Stablecoin Bill

The bill mandates one-to-one reserves for stablecoin issuers and prohibits algorithmic stablecoins

April 17, 2024 07:11 PM

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