PANews reported on May 24 that Cody Carbone, chief policy officer of the cryptocurrency advocacy organization The Digital Chamber, said on the X platform: "Update on the SAB 121 (Crypto Accounting Policy) process: We have received confirmation that the U.S. Congress did not send the resolution H.J Res 109 to repeal SAB 121 to Biden until last night. This changes the 10-day deadline. The U.S. President currently has a time window until June 3 to decide whether to veto this resolution (10 days in total, excluding Sunday)."
According to previous news, the bill to overturn SAB 121 was passed by the House of Representatives on May 8 and the Senate on May 17, respectively. Biden will make a final decision on the bill before May 28.
