Edited By WION Video Desk
Published: May 10, 2024, 05:35 IST | Updated: May 10, 2024, 05:35 IST
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World Business Watch May 10, 2024, 05:35 IST
US House votes 228-182 to overturn sec crypto custody guidance
The House of Representatives voted 228-182 to overturn a Securities and Exchange Commission (SEC) rule impacting how banks handle Cryptocurrency. The rule, known as SAB 121, required banks to classify crypto holdings as liabilities, making them more capital-intensive to store.
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