According to Jinse Finance, Patrick McHenry (Republican from North Carolina), Chairman of the House Financial Services Committee, and Senator Cynthia Lummis (Republican from Wyoming), along with colleagues from both parties, jointly wrote to the regulatory agencies of the Currency Supervision Bureau (OCC), the Federal Reserve (Fed), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA), urging these regulatory agencies not to implement the SEC's crypto accounting bulletin (SAB 121).