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What will be the outcome of the Senate vote on SEC's SAB 121 rule?
3
Resolution / Starting Odds
Bill Passed • 33%
Bill Failed • 33%
Bill Postponed • 34%
Senate voting records or major news outlets
Story
U.S. Senate to Vote on Overturning SEC's Anti-Crypto SAB 121 Rule
May 16, 2024, 12:35 PM
The U.S. Senate is set to vote today on overturning the SEC's anti-crypto rule, Staff Accounting Bulletin 121, which discourages financial institutions from being custodians of digital assets. The consensus is that the Senate will follow the House in overturning the rule. President Biden has threatened to veto the bill if it passes the Senate. The vote is scheduled to start at 10 AM.
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Similar markets
Positive market reaction • 33%
Negative market reaction • 33%
Neutral or no significant reaction • 34%
Yes, President Biden vetoes the bill • 50%
No, President Biden does not veto the bill • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Significant positive impact on crypto market • 33%
Significant negative impact on crypto market • 33%
No significant impact on crypto market • 34%
Increase in approval ratings • 50%
Decrease in approval ratings • 50%
Yes • 50%
No • 50%
