U.S. Senator Cynthia Lummis: The repeal of SAB 121 puts the SEC back on track

ChainCatcher news, Cynthia Lummis, the sponsor of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee, stated on social media that SAB 121 is disastrous for the banking industry and will only hinder innovation and progress in digital assets in the United States. I am glad to see it being repealed and to get the SEC back on track to fulfill its intended mission.