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SAB 121 repeal · Senate · May 16, 2024 · 60–38

Repeal SAB 121 so banks can hold crypto

Share voting the stated Crypto position (yea)

100%

$10K+: 5 of 5 covered members

vs

61%

Below $10K: 52 of 85 covered members

Compare within each recorded party

Democrats: $10K+ n/a (0/0); below $10K 26% (11/42).

Republicans: $10K+ 100% (5/5); below $10K 100% (41/41).

Independents: $10K+ n/a (0/0); below $10K 0% (0/2).

Party comes from Voteview’s member record for the roll call’s Congress and may not capture changes within that Congress. Party splits do not adjust for tenure, committee roles or the mix of selected votes. Small groups can produce unstable percentages.

$5K

average traced funding, with industry; 57 covered members

$243

average traced funding, against industry; 33 covered members

7

voting members excluded for unavailable coverage

$10K+, voted with industry

$10K+, voted against industry

  • No covered observations.

A resolution to overturn the SEC accounting rule that made it costly for banks to custody crypto. Passed both chambers, vetoed by President Biden. This is a retrospective comparison. Funding includes covered 2020–2026 election cycles and may have arrived after the vote. It does not measure whether money changed a vote. 7 voting members excluded for unavailable coverage. Threshold: $10K in traced funding.

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