Replies to post #218239 on NSAV Holding Inc (NSAV)

[Dolly Llama]

Correction. The bill will go into effect on May 28th if no action is taken by the President. Not the 26th as I said earlier. The ten-day waiting period excludes Sundays.

There is also another possibility that I wasn't aware of. The bill kills an SEC rule called SAB 121. But the SEC could withdraw that rule on its own.

Supporters of the Resolution, particularly Democrats, have been increasing pressure on SEC Chair Gary Gensler to withdraw SAB 121 to avoid forcing the President to make a decision. While the SEC has been resistant to backtracking on crypto policy actions, they have succumbed to pressure in the past (e.g., Bitcoin Spot ETPs).

https://digitalchamber.org/whats-next-for-sab-121-following-bipartisan-passage-of-h-j-res-109/