Loading...
Market
Impact of SAB 121 controversy on next general election support
4
Resolution / Starting Odds
Increased support for Democrats • 25%
Increased support for Republicans • 25%
No significant change in support • 25%
Increased support for third parties • 25%
Election results and major political analysis
Story
Rep. Wiley Nickel, 21 Dems Urge SEC to Withdraw SAB 121 Amid Bipartisan Senate Effort
May 15, 2024, 04:09 PM
Representative Wiley Nickel has taken a strong stance against the SEC's Staff Accounting Bulletin 121, calling for its withdrawal. In a letter to SEC Chair Gary Gensler, Nickel criticized the SEC's approach to the digital assets industry, stating that it is not serving President Biden's best interests. Nickel's actions follow a bipartisan effort in the Senate to nullify SAB 121, with 21 Democratic representatives, including RepRitchie, voting for its repeal. Nickel's letter highlights concerns that the SEC's policies are turning cryptocurrency into a political issue, forcing the President to take sides unnecessarily. The letter was sent on May 15, following the expected bipartisan Senate vote.
View original story
Similar markets
Increase in approval ratings • 50%
Decrease in approval ratings • 50%
Positive public reaction • 50%
Negative public reaction • 50%
Run for higher office • 20%
Seek re-election • 20%
Retire from politics • 20%
Switch parties • 20%
Maintain current position without significant changes • 20%
Endorse current president • 25%
Endorse a different Democratic candidate • 25%
Endorse a Republican candidate • 25%
Abstain from endorsing any candidate • 25%
Positive market reaction • 33%
Negative market reaction • 33%
Neutral or no significant reaction • 34%
Significant positive impact on crypto market • 33%
Significant negative impact on crypto market • 33%
No significant impact on crypto market • 34%
Introduction of new similar legislation • 25%
No significant legislative changes • 25%
Reform or amendment of related laws • 25%
Strengthening of anti-corruption measures • 25%
Increase in support for current government • 25%
Decrease in support for current government • 25%
No significant change in political support • 25%
Boost in support for opposition parties • 25%
Significant loss of seats • 33%
Minor impact, few seats lost • 33%
No impact, party performance stable • 33%
Support Withdrawn • 25%
Support Maintained • 25%
Support Increased • 25%
No Clear Change • 25%
No significant change in political landscape • 25%
Increased scrutiny and changes in voting regulations • 25%
Loss of public trust in electoral process • 25%
Strengthened public trust due to corrective action • 25%
Increases Conservative support • 33%
Decreases Conservative support • 33%
No significant impact • 34%