Press Releases

Washington, D.C. - Today, Congressman Wiley Nickel (NC-13) issued the following statement after his bipartisan resolution, H.J. Res. 109, which repeals SAB 121 under the Congressional Review Act, passed in the U.S. Senate and now heads to the President’s desk:

“Today's Senate vote to repeal SAB 121 sends a clear bipartisan message: Congress will not stand idly by as Gary Gensler and the SEC deliberately sidestep the statutory rulemaking process and overstep their regulatory authority,” said Congressman Wiley Nickel. “We never should’ve had to resort to using a CRA to fix this issue, but unfortunately, it’s the only tool we have left as the SEC continues to turn cryptocurrency regulation into a political football. I once again call on Chair Gensler to withdraw SAB 121 before President Biden is forced to choose sides on an issue that matters to many Americans.”