ChainCatcher news, according to Cointelegraph, US President Joe Biden's controversial veto of the SAB 121 bill may be voted on by the House of Representatives next week. SAB 121 is a proposed rule that requires entities that hold cryptocurrencies to record these holdings on their balance sheets.

According to the weekly schedule released by House Majority Leader Scalise, the rule is currently on the House's list of "legislation that may be considered." Voting to overturn or maintain the presidential veto is a constitutional obligation of the House of Representatives, so it must vote again. The vote may take place on Tuesday or Wednesday.