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House Votes to Erase SEC Crypto Policy While President Biden Vows Veto – CoinDesk

The House of Representatives has voted to overturn the SEC’s crypto policy, despite President Biden’s promise to veto the decision. The move comes as a surprise to many in the cryptocurrency community, who have been closely following the regulatory landscape.

The decision to erase the SEC’s policy has divided lawmakers, with some arguing that it will provide much-needed clarity for the industry, while others are concerned about the potential risks of unchecked crypto trading.

President Biden’s vow to veto the decision indicates a strong stance on the issue, and it remains to be seen how the situation will unfold in the coming days. The cryptocurrency market is known for its volatility, and any changes to regulatory policies can have a significant impact on prices and investor confidence.

Overall, the House’s decision to erase the SEC’s crypto policy highlights the ongoing debate surrounding the regulation of digital assets, and it will be interesting to see how the situation progresses in the near future.

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