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The US House of Representatives has passed two pro-crypto bills, but President Joe Biden may veto one of them. The bill in question, H.J.Res.109, calls for the SEC to cancel a rule that requires banks to keep customers' crypto on their balance sheets. Biden had previously stated his intention to veto the bill, claiming it would limit the SEC's ability to regulate digital assets. However, the bill received bipartisan support in both the House and Senate, leading to speculation that Biden might reconsider. The President has ten days to sign or veto the bill.

The US House of Representatives has passed two pro-crypto bills, but President Joe Biden may veto one of them. The bill in question, H.J.Res.109, calls for the SEC to cancel a rule that requires banks to keep customers' crypto on their balance sheets. Biden had previously stated his intention to veto the bill, claiming it would limit the SEC's ability to regulate digital assets. However, the bill received bipartisan support in both the House and Senate, leading to speculation that Biden might reconsider. The President has ten days to sign or veto the bill.

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