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🟠VETO PRESIDENZIALE SU REGOLA CRIPTOVALUTE

🟠VETO PRESIDENZIALE SU REGOLA CRIPTOVALUTE

Giorno: 16 maggio 2024 | Ora: 21:28 Il Senato degli Stati Uniti ha votato per abrogare la regola SAB 121 della SEC, permettendo così alle istituzioni finanziarie regolamentate di conservare Bitcoin e altre criptovalute. La decisione ora spetta al presidente Joe Biden, che ha espresso l'intenzione di opporsi alla revoca. Se il presidente mette il veto, la questione tornerà alla Camera e al Senato. Entrambe le camere avrebbero bisogno di una maggioranza dei due terzi per annullare il veto. La decisione del Senato è stata accolta positivamente da alcuni politici, ma se il veto sarà confermato, potrebbe avere conseguenze negative per le opportunità degli americani.

The United States Senate has voted to repeal SEC Rule SAB 121, allowing regulated financial institutions to hold and retain Bitcoin and other cryptocurrencies. The decision now rests with President Joe Biden, who has expressed his intention to oppose the repeal. If the president vetoes the decision, it will go back to the House and the Senate. Both chambers would need a two-thirds majority to override the veto. The Senate's decision has been welcomed by some politicians, but if the veto is upheld, it could have negative consequences for opportunities for Americans.

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In a landmark decision, the U.S. Senate voted to repeal the Securities and Exchange Commission's (SEC) SAB 121 rule. This rule had previously prevented regulated financial institutions from storing Bitcoin and other crypto assets. Cancellation of this rule may now pave the way for these institutions to engage with cryptocurrencies more freely.

But the war is not over yet. The decision now goes to President Joe Biden, who last week expressed his intention to veto the Senate's repeal. If the president vetoes, the issue will go back to the House and Senate. Both chambers would need a two-thirds majority vote to override the veto, setting the stage for a significant legislative fight.

Sen. Cynthia Lummis celebrated the Senate's decision, calling it “a win for financial innovation” and “a clear challenge to the way the Biden administration and Gary Gensler are persecuting crypto.” He also emphasized the importance of this event, stating that “this is the first time Congress has passed independent crypto legislation” and promised that “we are just getting started.”

Meanwhile, Congressman Tom Emmer described the situation as “a policy conflict between the Executive and the American people.” He noted that the bipartisan passage of the repeal of SAB 121 by Congress indicates strong support for cryptocurrencies. But he warned that if Biden vetoed the resolution, it would show his willingness to “kill opportunity for Americans at the expense of Americans.”

*This is not investment advice.

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