See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Biden vetoes Congress’s crypto custody bill

Posted on AllSides June 2nd, 2024
From The Left
Samuel Corum / Getty

President Biden vetoed legislation that struck down the Securities and Exchange Commission's special rules for custodians of crypto assets, as expected.

Why it matters: The SEC policy could be a major impediment to traditional financial companies offering services that involved holding onto customers' cryptocurrency.

Catch up fast: The legislation was passed by both chambers of the U.S. Congress with a Senate vote on May 16.

The White House had indicated it would veto the legislation if presented with it.

Read full story

AllSides Picks

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right