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first major crypto billThe Hill
•79% Informative
The cryptocurrency industry spent big in the 2024 election, and its investment is about to pay off in the incoming Congress and administration.
For more than a decade , there was a lack of clarity from federal regulators that left industry advocates frustrated.
President-elect Trump , who once dismissed crypto as a “scam,” embraced it on the campaign trail.
The guidance, known as SAB 121 , has been a thorn in the side of the industry, which says it has sidelined lenders.
Congress sent a bipartisan resolution overturning the guidance to President Biden ’s desk in May .
Biden vetoed it, saying the resolution would constrain the SEC ’s ability to set forth appropriate guardrails and address future issues.
VR Score
78
Informative language
74
Neutral language
71
Article tone
formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
15
Source diversity
9
Affiliate links
no affiliate links