Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy

Wall Street Asks Biden Not to Veto Congress’ Rejection of SEC Crypto Policy


The groups that lobby for big-bank interests in Washington asked the White House to step back from its stated intention to kill Congress’ effort to cancel a controversial Securities and Exchange Commission crypto policy. Two of the digital assets sector’s biggest allies on Capitol Hill also sent a similar request to the president.

In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) crypto accounting policy.

In recent bipartisan votes that saw many

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