🚀🎉 Good news, Bitcoin enthusiasts! The US Senate has just passed a resolution to scrap a de facto ban that has been preventing banks from offering crypto custody services. This move has sparked cautious optimism among Bitcoin's most ardent supporters, despite the looming threat of a presidential veto. 🇺🇸💼

The resolution, H.J.Res.109, disapproves of Staff Accounting Bulletin 121 (SAB 121), a guidance published by the SEC two years ago that critics argue makes it cost-prohibitive for banks to offer crypto services. 🏦💰

The resolution sailed through the House of Representatives last week with a 55% majority and secured a 60/38 split in the Senate. However, it still lacks the strong majority needed to overturn a veto, which President Biden has promised to do. 🗳️👨‍⚖️

But don't lose hope just yet! Some believe that the Senate's decision could sway the administration's stance. Influential senators like Democratic caucus leader Chuck Schumer (D-NY) broke party lines to vote in favor, and Custodia Bank CEO Caitlin Long believes this could provide the political backing needed to push back against the SEC's crypto-hostile enforcement actions. 🏛️🔄

This resolution marks a historic moment as the first purely crypto-focused legislation passed through both chambers of Congress. So, will Biden follow suit? Only time will tell! 🕰️🔮 Stay tuned, Bitcoiners! 🚀🌕