Eleanor Terrett, a reporter for Fox Business Channel, wrote that the US House of Representatives may vote to overturn Biden's veto of SAB 121 on Tuesday or Wednesday, requiring a two-thirds majority vote. Although overturning a two-thirds majority vote for SAB 121 is a big demand (requiring about 60 more "yes" votes than last time), members of Congress planning to vote "no" should remember that SAB 121 is an important reason for the limited number of institutions providing digital asset custody services, as outlined in VanEck's spot ETH S-1 filing. VanEck stated that Coinbase, as the custodian of all spot ETF products (and most BTC products), poses a risk: Coinbase provides ETH custody services for multiple competitive Ethereum exchanges, which may have an adverse effect on the operation of the trust fund and the value of the final shares. If banks and other "institutional providers" are discouraged from providing custody services due to SAB 121, does this mean that Biden and members of Congress who voted to retain the bill directly facilitated this market risk?

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