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U.S. House’s Spending Bill Aims to Hamstring SEC’s Gensler Amid His Crypto Crackdown

Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the...