Congressman Flood Applauds Senate Passage of SAB 121 Repeal
May 16, 2024
May 16, 2024
WASHINGTON, May 16 -- Rep. Mike Flood, R-Nebraska, issued the following news release:
Today, U.S. Congressman Mike Flood issued a statement after the passage of H.J. Res. 109 by the U.S. Senate by a vote of 60-38. H.J. Res. 109 is a resolution introduced under the Congressional Review Act (CRA) to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. SAB 121 discourages banks from providing custodial services to digital assets investors by r . . .
Today, U.S. Congressman Mike Flood issued a statement after the passage of H.J. Res. 109 by the U.S. Senate by a vote of 60-38. H.J. Res. 109 is a resolution introduced under the Congressional Review Act (CRA) to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121. SAB 121 discourages banks from providing custodial services to digital assets investors by r . . .