US lawmakers will vote next week on H.J. Res. 109, aiming to overturn President Biden's veto of the SEC's Staff Accounting Bulletin 121 (SAB 121).

This bulletin requires financial institutions to list customers' digital assets on their balance sheets.

The repeal needs a two-thirds majority in both the House and Senate.

Crypto's political significance is growing, with firms like Coinbase and Ripple supporting pro-crypto politicians.

Multicoin Capital plans to donate up to $1 million in Solana to support pro-crypto lawmakers.

Both President Biden and former President Trump are courting crypto investors, with Trump currently holding more industry support.