[…] President Biden’s veto comes at a time when the cryptocurrency industry is undergoing rapid growth and facing increasing scrutiny. The resolution in question would have curtailed the SEC’s special rules for custodians of crypto assets, a change supported by both the digital asset sector and the banking industry. This move, had it been approved, would have marked a significant shift in the regulatory landscape, potentially easing some of the stringent requirements that currently govern the handling of crypto assets, reported by PYMNTS. […]