The Senate voted to cancel a Securities and Exchange Commission accounting policy rule related to cryptocurrency, sending it to President Joe Biden, who has said he will veto it.
The Senate voted 60-38 for a joint resolution that would nix the SEC policy. Several Democrats joined Republicans in voting to cancel the rule. The lawmakers used the Congressional Review Act to bat down the measure, but Biden still has the power to veto it, meaning that the vote was more symbolic in nature.
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