The U.S. House of Representatives may vote next week to overturn Biden's veto of SAB 121

ChainCatcher news, according to Cointelegraph, U.S. President Joe Biden's controversial veto of the SAB 121 bill may be voted on by the House of Representatives next week. SAB 121 is a proposed rule that requires entities holding cryptocurrencies to record these holdings on their balance sheets.

According to the weekly schedule released by House Majority Leader Scalise, the rule is currently on the House's "legislation that may be considered" list. Voting to override or uphold the presidential veto is a constitutional obligation of the House, so a vote must take place again. The vote may occur on Tuesday or Wednesday.