According to CryptoPotato, U.S. Senator Cynthia Lummis recently posted a "Bitcoin laser eye" picture on social media to express her support for laws supporting cryptocurrencies. This move comes on the heels of the Senate passing H.J.Res. 109, a bill that seeks to overturn the Securities and Exchange Commission's (SEC) Accounting Bulletin (SAB) No. 121. Senator Lummis is an advocate of Bitcoin, which she believes is a reliable store of value and a safeguard against inflation. She serves on the Senate Banking Committee and aims to implement a regulatory framework that promotes cryptocurrency innovation while protecting consumers. The Senate recently passed legislation aimed at repealing SAB 121, which imposes strict restrictions on financial institutions, preventing them from providing custody services for digital assets such as Bitcoin. Pursuant to the Congressional Review Act, H.J.Res. 109 aims to remove these obstacles and allow regulated financial companies to provide custody services for cryptocurrencies. However, the White House has made it clear that it opposes the legislation that has been passed. A recent statement suggests that President Biden will veto the bill if it reaches his desk. He will likely argue that overturning SAB 121 would undermine the SEC’s efforts to protect investors in the crypto asset markets and safeguard the broader financial system.