Biden: Appropriate guardrails to protect consumers and investors are essential to capitalizing on the potential benefits and opportunities of crypto-asset innovation

Golden Finance reported that President Joe Biden has formally vetoed the SAB121 bill. Biden said in a veto message released late Friday that his administration will not support measures that endanger the well-being of consumers and investors. Appropriate guardrails to protect consumers and investors are essential to taking advantage of the potential benefits and opportunities of crypto asset innovation. Biden added in the statement that he is eager to work with Congress to ensure a comprehensive and balanced regulatory framework for digital assets.