According to BlockBeats, the controversial veto of the SAB 121 bill by US President Joe Biden may be voted on by the House of Representatives next week. The SAB 121 is a proposed rule that requires entities holding cryptocurrencies to record these holdings on their balance sheets.
The rule is currently on the 'possible legislation to consider' list in the House of Representatives, according to the weekly schedule released by House Majority Leader Scalise. The vote to overturn or uphold the president's veto is a constitutional duty of the House of Representatives, so a vote must be held again. The vote may take place on Tuesday or Wednesday.