📣 News Flash! President Biden's veto on the Staff Accounting Bulletin 121 (SAB 121) might face a vote in the House of Representatives next week! 😲 SAB 121, which requires SEC-reporting entities to record their crypto holdings, was vetoed by Biden in May. Critics argue that it could hinder American banks from custodying crypto exchange-traded products at scale. 🏦💰

To overturn the veto, a two-thirds majority vote from both the House and Senate is needed. However, only 55.6% and 61.2% voted for the resolution in May. A steep hill to climb, but not impossible! 🏔️

Meanwhile, Biden and Trump are paying more attention to digital asset-related issues, which is a "good development" for the industry. 🚀

What do you think? Will the veto be overturned? Let's discuss below! 👇