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House Republican's Pro-Crypto Bill Gets Major Push, Institutional Adoption To Soar?

source-logo  coingape.com 28 February 2024 08:49, UTC

The House Financial Services Committee is making strides in advancing US Rep Mike Flood’s bill to revoke Staff Accounting Bulletin (SAB) 121 rule this Thursday. This move is pivotal in paving the way for a surge in institutional crypto adoption. Perianne Boring, CEO of the Chamber of Digital Commerce, revealed the the update stating, “Momentum is building in Washington.”