Tagged: mike flood

Accredited Investor Bills Approved in Markup by House Financial Services Committee

May 20, 2025 @ 6:34 pm By JD Alois |

The “Accredited Investor Definition Review Act,” HR 3348, has been approved by the House Financial Services Committee in a 36-16 vote. Representative Bill Huizenga, the bill’s sponsor, outlined its goals in an X. “Accredited investors are currently defined by the SEC based on their income and… Read More

Congress Introduces Joint Resolution to Revoke SEC’s SAB 121 that Blocks Banks from Providing Custody of Digital Assets

February 2, 2024 @ 1:41 pm By JD Alois |

In an X, Congressman Mike Flood revealed a Joint Resolution to revoke the authority of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121. This SAB was enacted in 2022 and impacted the digital asset industry. The SAB addressed the “accounting for obligations to… Read More