The ongoing political debate over SAB 121 reflects broader tensions regarding the regulatory treatment of digital assets
A bipartisan coalition of lawmakers has urged the Biden Administration to abandon its plan to veto the Congressional proposal to repeal the SEC's controversial Staff Accounting Bulletin No. 121 (SAB 121). The letter called on the administration to urge the SEC to rescind the standard or sign the Congressional proposal to repeal the accounting standards into law.
Financial mismanagement in Washington D.C. runs rampant and tax payers must as who's to cover the boo boos