U.S. Senator for Wyoming Cynthia Lummis has castigated President Joe Biden over his decision to veto a measure that would disapprove the Securities and Exchange Commission’s Staff Accounting Bulletin No. 121 (SAB 121). Lummis said the measure known as H.J. Res. 109, which had bipartisan support in the U.S. Congress, was intended to end the Securities and Exchange Commission’s practice of using accounting bulletins to determine policies. The Senator said by vetoing the measure, U.S. President Joe Biden is perpetuating his failed policies which harm American consumers. Lummis vowed to continue her fight to promote financial innovation and key protections for crypto assets which the Biden administration is determined to stifle.
Wyoming Senator Cynthia Lummis Castigates US President Joe Biden's Veto
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
