Biden's deadline for making a decision on the "Repeal SAB 121" resolution has been extended to June 3

Cody Carbone, chief policy officer of the cryptocurrency advocacy organization The Digital Chamber, said on the X platform: "We have received confirmation that the U.S. Congress did not send the resolution H.J Res 109 to repeal SAB 121 to Biden until last night. This changes the 10-day deadline. The US President currently has a time window until June 3 to decide whether to veto this resolution (10 days in total, excluding Sunday)."

Previously, the bill to overturn SAB 121 was voted on by the House of Representatives and the Senate on May 8 and May 17, respectively, and Biden will make a final decision on the bill before May 28.