Congressman Mike Flood: Looking forward to working with the next SEC chairman to repeal anti crypto banking policy SAB 121

Odaily Planet Daily reported that the US House of Representatives will address Congressman Mike Flood recently, stating, "Despite widespread opposition, SAB 121 still operates effectively as a regulation, even though it has never gone through the normal Administrative Procedure Act procedures Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to fire Gensler, the new administration has an excellent opportunity to usher in a new era after Gensler leaves office It should not be surprising that Gensler opposed the adoption of the House's digital asset regulatory framework earlier this year on a bipartisan basis. 71 Democrats and House Republicans passed this common sense framework together. Although the Democratic led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and may provide information for the work of a unified Republican government when the next Congress begins in January next year