A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".

This joint resolution seeks to overturn a specific Securities and Exchange Commission (SEC) policy known as Staff Accounting Bulletin No. 121 (SAB 121). This policy currently requires financial institutions and platforms that hold cryptocurrency for their customers to list those assets as liabilities on their own balance sheets.

If passed, the resolution would remove these accounting requirements, potentially making it easier and less expensive for traditional banks to offer crypto-custody services to the public. Proponents of the bill argue this would allow highly regulated banks to safeguard digital assets, while the SEC has maintained that the original policy is necessary to protect investors and inform them of the unique risks associated with holding cryptocurrency.