House fails to override Biden’s veto on nullifying SEC crypto rule
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
How one of our clients approached estate planning and opened a Kraken account in their trust’s name
TL;DR One family set up a revocable trust, pour-over wills, a guardian and conservator nomination, and powers of attorney with an...
Bank Lobby Presses OCC For Clarity On Stablecoin Rewards After Final Rule
A final stablecoin rule has not ended the argument over rewards. The Bank Policy Institute used its October 24 newsletter to renew...
Bitcoin Core Speeds Up Bug Fixes As AI Changes Disclosure Rules
TL;DR: Bitcoin Core has adopted faster fixes and disclosure for vulnerabilities that are easy to rediscover, including with AI. Lo...
Bloomberg Adds Basel Crypto Exposure Classification For Banks And Asset Managers
TL;DR: Bloomberg has expanded its crypto analytics to classify bank exposure under Basel standards, including indirect holdings hi...
Crypto Industry Group Pushes Congress For Small-Payment Tax Relief And Clearer Rules
TL;DR: The Blockchain Association has asked congressional leaders to advance bipartisan crypto tax changes, including a de minimis...
OCC urges US community banks to become stablecoin issuers before January 2027 deadline
Community banks face a pivotal choice: embrace stablecoin issuance to retain deposits or risk diminished lending capacity and comm...