🚨Attention! The US House of Representatives could vote next week on President Joe Biden's veto of Staff Accounting Bulletin 121 (SAB 121), a rule that would force entities that report to the SEC and custody cryptocurrencies to register those assets on their balance sheets. 📊

SAB 121 has been criticized by some, who argue that it could prevent US banks from holding cryptocurrency exchange products on a large scale, creating a "concentration risk." 🏦

To override Biden's veto, a two-thirds majority vote will be needed in both the House and Senate. Do you think it will be achieved? 🤔 Share your opinion in the comments! 💬

Meanwhile, both Biden and Republican candidate Donald Trump have paid more attention to issues surrounding digital assets in recent months, which is a "good development" for the industry. 🚀

Stay tuned for more updates on cryptocurrencies and blockchain! 💻