Lawmakers optimistic about overturning the SEC's accounting bulletin as Senate prepares for vote

Wiley Nickel News

Lawmakers optimistic about overturning the SEC's accounting bulletin as Senate prepares for vote
SAB 121FIT 21
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Rep. Nickel says legislative measures could get fellow lawmakers' buy-in as an accounting bulletin and another bill come up for a vote.

North Carolina Democrat Rep. Wiley Nickel says upcoming legislative measures could get fellow lawmakers' buy-in as an accounting measure and a market structure crypto bill are set to come up for a vote.

Nickel, a crypto-friendly lawmaker, seemed optimistic that the measure to overturn SAB 121 would pass the Senate and added that it was passed out of the House in a bipartisan way. The letter comes a week after the White House released a "statement of administration policy" saying President Joe Biden would veto Nickel and Flood's measure to overturn SAB 121 if it passes the Senate.

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