![US House may vote to overturn Biden's SAB 121 veto next week US House may vote to overturn Biden's SAB 121 veto next week](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvNjQyNGUwZDItNmNmNy00Mjg3LWFiNzctZjNjNzNmYmNiN2M3LmpwZw==.jpg)
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto. Source link
![Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto](https://bitcoinmagazine.com/.image/c_fit,h_800,w_1200/MjA2NDc5MjExOTIwMTA3MjE0/default_united_states_senate_building_0.jpg)
Moments ago, the Senate passed legislation H.J.Res. 109 that would overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial firms from custodying Bitcoin and other cryptocurrencies. The legislation passed with…
![President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House](https://bitcoinmagazine.com/.image/c_fit,h_800,w_1200/MTg5OTE2MDY1NjgwMDczODIx/tabrez-syed-dbc9dgsjzko-unsplash.jpg)
The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies. JUST…