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The bank and crypto industry have both argued those changes would impose unprecedented costs on banks to provide custody services
The Vault
May 08, 2024

House passes challenge to crypto bulletin

The House approved a Congressional Review Act challenge that would overturn a controversial piece of Securities and Exchange Commission guidance imposing restrictions on banks that want to provide custody services for digital assets.

The House voted 228-182, with 21 Democrats joining Republicans to advance the CRA resolution.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.
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