Sponsors
11 Republican
Mike FloodNE-1
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
Official title: Staff Accounting Bulletin No. 121
This House Joint Resolution aims to overturn the SEC's Staff Accounting Bulletin 121 (SAB 121).
SEC’s Staff Accounting Bulletin 121 (SAB 121) is another example of regulatory overreach from the SEC when it comes to digital assets.
SAB 121 disincentivizes banks from offering digital asset custody at scale and limits banks’ ability to develop safe, innovative use cases for blockchain technology.
Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.
1 Republican
2 Democrats · 2 Republicans
255 Republicans · 34 Democrats
217 Democrats · 2 Independents
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