#BTC $BTC 🤓 The House of Representatives voted against the SEC rule prohibiting banks from holding cryptocurrencies

The US House of Representatives has voted to pass a bill that would repeal a Securities and Exchange Commission (SEC) ruling that set accounting rules for companies that hold cryptocurrency.

In short, the document from the SEC prohibited banks from storing cryptocurrencies.

Despite the fact that lawmakers voted in favor of repealing this rule, Joe Biden said he would veto the decision.