Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But 'Opposes Passage'
Summary
The White House opposes the passage of the crypto market structure bill but isn't threatening to veto it. The administration is concerned about a lack of investor protections in the bill. The SEC chair also opposes the legislation, stating it would harm efforts to regulate traditional and crypto markets. The bill aims to redefine how securities issuers comply with federal law and determine regulatory oversight for digital assets. The White House is eager to work with Congress to develop legislation for digital assets with adequate consumer and investor protections.
