The post US House Unlikely To Overturn Biden’s Veto On SAB 121 appeared first on Coinpedia Fintech News
While there were reports earlier that the US House could vote to overturn Biden’s veto on SAS 121 regulatory oversight, there seems to be a turnaround just ahead of the voting on July 10th. It was reported that the resolution to repeal the SAB 121 wouldn’t get enough votes for a two-thirds majority in the House and thereby overturn Biden’s veto. Nearly 60 members of the House would need to change their votes to go against Biden, a scenario very unlikely. If the Biden administration continues to hold the veto on SAB 121 repeal, it could send a negative signal across the crypto market.