The House is set to vote on H.J. Res. 109, a resolution proposed by USRepMikeFlood to repeal SAB 121, a rule by GaryGensler that impacts custody rules for digital assets. Flood aims to restore trust and security in the crypto ecosystem and hold SECGov accountable for consumer harms.
The bipartisan SAB 121 repeal debate is going on the House floor right now. Vote coming soon. Appreciate @USRepMikeFlood @RepWileyNickel pushing back on this SEC overreach. https://t.co/tTNCOwyTW9
“The SEC has typically regulated the cryptocurrency industry through enforcement action and has not provided regulatory clarity until it’s pressured to do so by the courts,” Lennon said. “I do think a decision by the court may be the only way we see the spot ether ETFs approved.”…
#HappeningNow: The House is debating @USRepMikeFlood's H.J.Res. 109, a CRA to nullify the @SECGov's disastrous Staff Accounting Bulletin 121. 📺 Tune in 🔗 https://t.co/kTrdVi79Bu
The House is set to vote @ 4:30 p.m. today on whether to overturn SEC's crypto accounting guidance, SAB121. Flood tells me they expect to pick up Ds off HFSC. Torres says that's bc crypto has gotten better at "building relationships." More in today's MM: https://t.co/k7tiYjzkf7
I supported @USRepMikeFlood’s important resolution to overturn Joe Biden’s Securities and Exchange Commission’s illegally disguised rule SAB 121. House Republicans are holding the Biden Administration accountable, restoring Congressional oversight, and ensuring the digital…
This is something we should pay attention to this week.. Tom Emmer stated that this week, House Republicans will provide oversight and accountability to the SEC by passing Mike Flood’s proposed removal of Gary Gensler's “SAB 121” rule. The proposal was introduced by Flood to… https://t.co/vRP52yTiJe
SAB 121 isn't just overreaching and illegal; it violates the SEC’s statutory mission. With @USRepMikeFlood's legislation up for a vote this week, the @HouseGOP won't let the SEC get away with it.
In the latest edition of the Bloomberg Crypto newsletter: The digital-asset industry keeps asking for 'regulatory clarity.' The SEC keeps filing lawsuits. What's next? https://t.co/L3SM8RqDxx
Democrats and Republicans clash at House hearing over how the SEC is handling crypto enforcement action https://t.co/eTRtEu8gAx
PARTISAN DIVIDE OVER SEC ACTIONS IN CONGRESS HEARING - Democrats and Republicans clash over the SEC's handling of crypto enforcement actions during a congressional hearing, revealing a partisan split. - Rep. Maxine Waters defends the SEC's actions, emphasizing the need for… https://t.co/x7L5HL28A8 https://t.co/1KZ97tTH0l
As we honor those that fight crime in the streets, today's @FSCDems Capital Markets Subcommittee focused on the @SECGov's fight against crime in the suites - including enforcement actions for the #Crypto industry. Watch my full remarks ⬇️ https://t.co/DANIeszBN7
The SEC bypassed proper rule-making procedures when it used a staff bulletin to establish new policy. Their misguided change: ❌Hinders competition ❌Impedes financial innovation ❌Weakens consumer protections H.J. Res. 109 will restore clarity to the digital assets ecosystem. https://t.co/mnppzgPtYp
Courts have offered clarity for crypto where regulators and lawmakers have fallen short. Are ether ETFs soon to be on a docket near you? https://t.co/GLUtIsbIQR
“Later this week, House Republicans, we’re going to do our job to provide oversight and accountability to the SEC by passing @USRepMikeFlood’s resolution so that this illegal and harmful rule ceases to be in effect.” - @GopMajorityWhip https://t.co/EDuhI747bs
Rep. Mike Flood, Criticizing SEC's Gensler, Pushes H.J.Res. 109 to Repeal SAB 121 Read More: https://t.co/mABMEIEbBM
The delay for Ether ETF begins... Is Ethereum a security or not? That is the question. https://t.co/8U0k0unDEO
The SEC’s power grab on digital assets threatens US innovation https://t.co/nPXTIoutxX | opinion
The SEC’s power grab on digital assets threatens US innovation https://t.co/0ZOlWgC6Ey
The SEC’s litigation campaign is clear as mud - and only ramps up pressure on Congress to act. That's why we've supported Fairshake's effort to elect pro-crypto candidates who understand the need for clear rules of the road. We encourage others to do the same. https://t.co/YMZxacD9tm
.@USRepMikeFlood delivers remarks on his bipartisan resolution to #RepealSAB121👇 “I would ask @SECGov how does limiting options and incentivizing concentrated risk help protect Americans ?” https://t.co/hwqVhvLmt3 https://t.co/8vbVuG8SmK
.@USRepMikeFlood delivers remarks on his bipartisan resolution to nullify SAB 121👇 “I would ask @SECGov how does limiting options and incentivizing concentrated risk help protect Americans ?” https://t.co/LGTqvOQ1yG https://t.co/8vbVuG8SmK
#WATCH: @USRepMikeFlood delivers remarks in support of H.J.Res. 109: "How can the SEC, in good faith, say they are working to bolster investor protection, when the agency has done the exact opposite with SAB 121?" Read more 🔗 https://t.co/1CsNJHOCPb 📺 Watch his remarks 👇 https://t.co/oQ5bAKld2r
#HappeingNow: @USRepMikeFlood testifies before @RulesReps in support of his bipartisan resolution, H.J.Res. 109, which rescinds the @SECGov's SAB 121 that upends custody rules for digital assets. 📺 Watch Live 👇 https://t.co/IqxtaKSTI2
Over the last three years, we’ve reached a state of regulatory onslaught that is harmful to American companies and consumers. The SEC’s continued attack on crypto, coupled with recent rule proposals like the one related to predictive data analytics, mark yet another improper…
SAB 121 made it untenable for banks to custody crypto, leaving consumers scrambling to find secure storage of their hard-earned assets Thank you @USRepMikeFlood for leading the charge to hold @SECGov and @GaryGensler accountable for harms to consumer protections #RepealSAB121 https://t.co/2k6xX9ttv4
SAB 121 made it untenable for banks to custody crypto, leaving consumers scrambling to find secure storage of their hard-earned assets. Thank you @USRepMikeFlood for leading the charge to hold @SECGov and @GaryGensler accountable for harms to consumer protections #RepealSAB121 https://t.co/2k6xX9ttv4
SAB 121 made it untenable for banks to custody crypto, leaving consumers scrambling to find secure storage of their hard-earned assets. Thank you @USRepMikeFlood for leading the charge to restore trust and security in the crypto ecosystem! #RepealSAB121 https://t.co/2k6xX9ttv4
This week: The House will vote on my proposed repeal of @GaryGensler's SAB 121. It's time to pass H.J. Res. 109! #RepealSAB121 https://t.co/IIVsCynnPb