Coinbase slams SEC for ‘choking’ crypto industry, Biden vetoes SAB 121

Despite senators writing to him, U.S. banking organizations lobbying him, and key players in the industry pleading with him, President Joe Biden vetoed the resolution to repeal SAB 121 anyway. So, where do we go from here? Meanwhile, Coinbase slams the SEC for “choking” the crypto industry, the U.S. Navy launches a blockchain security system, and we go through why Nigeria — in spite of the government’s resistance to crypto — could be one of the most important countries for the industry.

Further reading:

• Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
• US President Joe Biden vetoes SAB 121 repeal
• US banking lobby last-minute bid to stop Biden vetoing SAB 121 overturn
• US SEC is ‘bent on choking’ the crypto industry — Coinbase
• US Navy launches ‘PARANOID’ blockchain security tech to private sector

So, grab yourself a coffee, and let’s get into it!

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