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The U.S. House of Representatives will hold a crucial vote on SAB 121 veto.
Golden Finance reported that the U.S. House of Representatives plans to take a crucial vote next week to overturn President Biden's veto of Staff Accounting Bulletin 121 (SAB 121). This announcement has sparked controversy in the encryption industry, with concerns that it may affect banks' custody of digital assets. Although the House passed the resolution with a vote of 228-182 in May, overturning the veto still requires the support of a two-thirds majority in both houses. Political experts have mixed opinions on this vote, believing that it will be quite difficult to successfully overturn the veto.