Effort to overturn Biden veto on crypto banking rule SAB 121 fails
![Effort to overturn Biden veto on crypto banking rule SAB 121 fails](https://arizent.brightspotcdn.com/bf/07/0ce03d0d48e591a7f92933cda76f/411643516.jpg)
The House didn't meet the two-thirds threshold needed to overturn President Joe Biden's veto of a resolution nullifying staff accounting bulletin 121, which requires that banks hold cryptocurrency held in custody on their balance sheet as liabilities.