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**Biden's Stance on Bill Impacting SEC's Crypto Banking Regulations and Its Effects on Bitcoin (BTC) and Ethereum (ETH)**

May 9, 2024

A resolution disputing the Securities and Exchange Commission's (SEC) stance against crypto banking regulations was recently passed by the U.S. House of Representatives. However, the White House is likely to veto this resolution as it opposes the move. The disagreement primarily revolves around the regulatory policies surrounding cryptocurrencies.

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