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

Congressman Wiley Nickel recently criticized the United States Securities and Exchange Commission (SEC) for its attitude towards digital assets, also known as cryptocurrencies. He argued that the SEC is showing an “open hostility” towards these types of assets.

Nickel is urging Gary Gensler, the chairman of the SEC, to rescind the Statement of Bilateral Accounting and Auditing (SAB121). The exact nature of Nickel’s problem with SAB121 is not specified, but it’s clear that he thinks