Biden Hates Innovation

The SEC, which has refused to publish rules concerning cryptocurrency, has been on a rampage against the crypto-blockchain industry. The latest SEC action is to make it overly expensive for regulated banks to hold client's cryptocurrency for safekeeping. The House of Representatives and the Senate voted to over-ride this latest SEC nonsense. Biden pledged to side with the SEC and did veto the resolution, so Biden hates innovation.

United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange CommissionJoe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. The controversial decision was immediately met with criticism from the cryptocurrency industry.