U.S. President Joe Biden vetoed a House Joint Resolution that aimed to repeal the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121, which requires banks to include customers' digital assets on their balance sheets and maintain sufficient capital reserves against them.
The company behind the world's most-used stablecoin USDT, Tether, has acquired a significant stake in Bitdeer Technologies Group, a publicly traded Bitcoin mining firm owned by Bitmain co-founder Jihan Wu.
The United States Navy is seeking partners in the private sector to refine its innovative Powerful Authentication Regime Application to Naval Operational Flight Program Integrated Development (PARANOID) technology, a blockchain-based system designed to safeguard software against cyberattacks during development and deployment.
Top stories in the Crypto Roundup today:
- Biden Vetoes Resolution to Repeal SEC Crypto Accounting Rule
- Tether Makes Major Investment in Bitcoin Miner Bitdeer
- U.S. Navy Seeks Private Sector Partners for Blockchain-Based Cybersecurity Tech
- Stablecoin Market Cap Hits Yearly High Despite Declining Volumes