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.
United States President Joe Biden’s controversial veto to block Staff Accounting Bulletin 121 could be voted on by the House of Representatives next week.
SAB 121 — a proposed rule mandating that SEC-reporting entities custodying cryptocurrencies to record those holdings on their balance sheets — is currently on the House’s “legislation that may be considered” list, according to a weekly schedule posted by House Majority Leader Steve Scalise.
Voting to overturn or uphold presidential vetoes is a constitutional obligation for the House, so it must vote again. The votes could be take place on Tuesday or Wednesday.
