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Biden may reconsider veto overturning SEC SAB 121 resolution

Before the US House of Representatives voted on H.J. Res. 109 (which seeks to overturn the SEC's SAB 121 regulation on digital assets), President Biden issued a threat stating that he may use his veto power if a resolution to overturn the SEC's policy is passed. The White House stated that it "strongly opposes" House members' attempts to undermine the SEC's measures to "protect cryptocurrency market investors and protect the broader financial system." Additionally, the SEC can decide to revoke SAB 121 to avoid forcing Biden to decide whether to exercise his veto power.

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