• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Senate Passes Resolution to Remove Cryptocurrency Custody Restrictions

user avatar

by Giorgi Kostiuk

a year ago

  1. Adoption of H.J.Res. 109
  2. Bipartisan Support in Congress
  3. Upcoming Senate Election in Pennsylvania


    4. The U.S. Senate recently approved H.J.Res. 109, which aims to overturn the SEC's accounting bulletin restricting financial institutions from custodying cryptocurrencies.

    Adoption of H.J.Res. 109

    The U.S. Senate recently passed H.J.Res. 109, which seeks to overturn SEC Staff Accounting Bulletin No. 121. The resolution was approved by a vote of 60 to 38. It aims to lift restrictions preventing financial institutions from serving as custodians for cryptocurrencies.

    Bipartisan Support in Congress

    H.J.Res. 109 received bipartisan support. The House of Representatives had already passed it the previous week. The stringent limitations imposed by SAB 121 have garnered significant opposition in Congress, highlighting the critical importance of revisiting current digital asset regulations.

    Upcoming Senate Election in Pennsylvania

    The upcoming Senate election in Pennsylvania between Bob Casey and Dave McCormick is shaping up to be highly competitive and closely watched. Both candidates are actively engaging in discussions related to digital asset regulations.

    The Senate's passage of H.J.Res. 109 underscores the significance of revisiting regulations on digital assets and cryptocurrency custody for financial institutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Average Transaction Value (ATV) as a Growth Multiplier

chest

Average Transaction Value (ATV) is recognized as a key metric for protecting margins in an inflationary environment.

user avatarJesper Sørensen

Inventory Turnover Ratio as a Key Metric

chest

The Inventory Turnover Ratio is emphasized as a vital measure of retail agility and relevance in a fast-paced market.

user avatarEmily Carter

The Importance of Gross Margin Return on Investment (GMROI)

chest

Gross Margin Return on Investment (GMROI) is a key indicator of inventory management and profitability, urging retailers and investors to assess inventory investment profitability.

user avatarLucas Weissmann

Key Retail Metrics for Success in 2025

chest

A comprehensive dashboard outlines ten essential metrics that define retail success in the evolving economic landscape.

user avatarTomas Novak

Understanding Sales Per Square Foot (SPSF)

chest

Sales Per Square Foot (SPSF) is a critical metric for measuring retail efficiency and asset utilization, indicating effective management and potential for value creation.

user avatarFilippo Romano

The Shift in Retail Metrics Analysis

chest

The due diligence process for retail investors has evolved from simple profit and loss analysis to a detailed examination of operational metrics.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.