House votes to nullify crypto custody guidance; Biden vows veto
![House votes to nullify crypto custody guidance; Biden vows veto](https://arizent.brightspotcdn.com/6e/47/0d4880be4bd0aad9d86889440e25/mchenry-patrick-bl-072519.jpg)
The House advanced a resolution that would roll back a Securities and Exchange Commission resolution that banks argue cuts them out of the crypto custodying business, but President Biden said he would veto it if it passes the Senate.