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FYI CRYPTO LOVERS!! HOUSE RESOLUTION NOW GOING TO THE SENATE!! (H.J.RES 109) PASSED THE HOUSE!!!!

BIG WIN for crypto US platforms who hold digital assets for their customers which IMO is the best way to trade securely without as much errors and losses from wallet to wallet tranfers. It keeps fees low and trades faster IMO!🚀
The US House of Representatives has passed a bipartisan resolution to overturn the SEC's rule on digital asset custody, which would have made it cost-prohibitive for financial institutions to hold digital assets. 🙅‍♂️
This resolution aims to protect consumers by allowing highly regulated financial firms to act as custodians of digital assets, providing a safer way for people to hold their assets. 🏦
It's a major step towards greater economic freedom and a more transparent crypto market. The SEC's rule, SAB 121, has been criticized for its regulatory overreach and lack of transparency. 🚫
By nullifying this rule, we can prevent the SEC from dictating how we use our own assets and promote a fairer market for individual investors. However, our work is far from over.
The resolution now heads to the Senate, where we need to urge action to deliver a full repeal of SAB 121. 💪 And, unfortunately, President Biden has already indicated that he plans to veto the bill if it reaches his desk. 🚫
So, let's keep the momentum going! We need to continue to raise our voices and push for a more favorable regulatory environment for crypto. Let's show our support for this resolution and urge our senators to take action.
Together, we can make a difference! 💪
#CryptoRegulation #SEC #DigitalAssets #FinancialInclusion #BipartisanSupport #VetoProof"
Disclaimer: The information presented in this social media post is for general informational purposes only. The accuracy, completeness, and currentness of the information cannot be guaranteed. Cryptocurrency regulations and government actions are subject to change, and it is crucial to rely on verified news sources and conduct independent research before making any financial or investment decisions. This post does not constitute financial, investment, or legal advice, and individuals should seek professional guidance and consult with relevant authorities for specific concerns or inquiries. The use of hashtags does not imply endorsement or affiliation with any particular organization or group.
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One word of advice to achieve success in the market. “Patience” Don’t chase it, let it come to you. #diamondhand
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