The House is set to vote on overriding President Biden's veto of a resolution opposing SAB 121, which mandates banks to list digital assets as liabilities.

The resolution, initially passed in May with some Democratic support, faces an uphill battle to achieve the two-thirds majority needed for a veto override.

Ron Hammond from the Blockchain Association notes the challenge of garnering additional Democratic votes.

Perianne Boring from the Digital Chamber emphasises the need for 60 more Democratic supporters.

Alternative strategies are being considered, including the bipartisan HR 5741 bill addressing digital asset accounting and a policy rider in the House budget bill restricting SEC funds for SAB 121 implementation.

These efforts reflect the complex political dynamics surrounding crypto regulation.