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News Explorer — House Falls Short in Overriding Biden Veto on SAB 121 Crypto Rule

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Jul 11, 4:11 pm
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House Falls Short in Overriding Biden Veto on SAB 121 Crypto Rule

The U.S. House of Representatives failed to override President Biden's veto of a bill that would have allowed American banks to hold cryptocurrency. The bill did not receive the necessary two-thirds majority in the House and lacked support from Democrats. The vote today mirrored the previous vote in May, with the same number of Republicans and Democrats in favor of the bill.

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