🚀Hey crypto enthusiasts! Biden just vetoed a resolution that would've repealed the SEC's SAB 121. This controversial rule makes banks keep customer's crypto on their balance sheets. Critics say it's a buzzkill for banks wanting to work with crypto companies.😒

Biden's all about consumer and investor well-being, and he's not backing down. He's worried that this resolution would tie the SEC's hands and mess with accounting practices.👨‍⚖️

Banks and Congress members tried to convince him to sign the resolution, arguing that SAB 121 stops banks from offering custody services. But Biden's sticking to his guns.🔫

Sen. Ron Wyden, a fellow Democrat, thinks this rule creates a different standard for crypto. What do you think? Is this a step forward or backward for DeFi and Web 3? Let's chat in the comments!👇👇👇 #CryptoNews #DeFi #Web3