Congressman Wiley Nickel Slams SEC’s “Open Hostility” Towards Digital Assets, Urges Gensler To Rescind SAB121

Congressman Wiley Nickel (D-CA) is criticizing United States Securities and Exchange Commission (SEC) Chair Gary Gensler over SAB121 and the agency’s “open hostility” towards crypto, a Wednesday letter to Gensler from Congressman reveals. Nickel’s letter comes amidst the controversial staff accounting bulletins’s nullification Senate vote on Wednesday, potentially paving the way for SAB121 to reach Biden’s desk.

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