Senator Cynthia Lummis: Biden Missed Opportunity to "Correct" His Position on the Crypto Industry
2024-06-01 14:13:08
US Senator Cynthia Lummis, a pro-crypto industry, said US President Joe Biden's decision to veto the repeal of the controversial cryptocurrency accounting standard SAB 121 missed an opportunity to "correct" his position on crypto assets.
Lummis said on the X platform that Congress has given the administration the opportunity to correct its stance on crypto assets. I will not stand idly by as the administration tries to circumvent the law, and I will continue to work to promote financial innovation and key protections for crypto assets that this administration seems bent on killing.