The US House of Representatives will hold a crucial vote on the rejection of SAB 121

The U.S. House of Representatives plans to hold a crucial vote next week to overturn President Biden's veto of Staff Accounting Bulletin 121 (SAB 121), which has sparked controversy in the crypto industry over concerns that it could affect banks' custody of digital assets. Although the House passed the resolution 228-182 in May, it still needs a two-thirds majority in both chambers to override the veto. Political experts have mixed opinions about the vote, saying that it will be difficult to successfully override the veto.