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President Biden publicly supports/opposes SAB 121 repeal by end of 2024?
5
Resolution / Starting Odds
Supports • 50%
Opposes • 50%
Public statements from President Biden or official White House press releases
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.
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Yes, Biden signs the repeal • 50%
No, Biden vetoes the repeal • 50%
Yes, President Biden vetoes the bill • 50%
No, President Biden does not veto the bill • 50%
Yes • 50%
No • 50%
Positive public reaction • 50%
Negative public reaction • 50%
Endorse current president • 25%
Endorse a different Democratic candidate • 25%
Endorse a Republican candidate • 25%
Abstain from endorsing any candidate • 25%
Run for higher office • 20%
Seek re-election • 20%
Retire from politics • 20%
Switch parties • 20%
Maintain current position without significant changes • 20%
