🔴 Joe Biden vetoed congress that did not approve the SEC's controversial SAB 121 crypto rule, which required financial institutions to include customers' digital assets on their balance sheets.

🔍 Why is it important:

Crypto Custody Costs: Repeal of SAB 121 will reduce the costs for banks to offer crypto custody services

Market Reaction: Veto could scare the market, repeal could boost #kripto investment and confidence

Political Drama: A veto could lead Congress to attempt an override, increasing legislative tensions as FIT 21 comes into play.