🚨 OMG... President Biden vetoes bill to repeal SAB 121 so banks can store crypto because we support what the SEC is doing 🤦♂️
"... My administration looks forward to working with Congress to ensure a comprehensive and balanced regulatory framework for digital assets that builds on existing powers to promote the responsible development of digital assets and payments innovation and strengthen U.S. leadership in the global financial system.
Therefore, I veto this resolution."
Next? 🤔
The bill will be returned to Congress, where Congress can override the veto by passing it with a two-thirds majority in both the House and Senate.
