Briefing for June 1, 2024

Biden Vetoes Resolution on SEC's SAB 121

President Biden vetoed a resolution aimed at overturning the SEC's controversial Staff Accounting Bulletin No. 121 (SAB 121), citing potential harm to consumers.

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Crypto-related Crime

An Indian police officer was arrested for siphoning over $200,000 in Bitcoin during a crypto scam investigation.

Uniswap Foundation's Governance Issues

The Uniswap Foundation delayed the vote on token staking and delegation rewards, causing the UNI price to fall.

ARK Invest and 21Shares Partnership

ARK Invest is no longer partnering with 21Shares for a proposed spot Ethereum fund.

Cryptocurrency Market Movements

XRP and Ethereum prices are fluctuating, with Solana's support level being crucial.
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