PRESIDENT JOE BIDEN WILL VETO LEGISLATION ALLOWING FINANCIAL FIRMS TO CUSTODY BITCOIN: WHITE HOUSE

Summary from the TLDR Crypto newsletter

President Joe Biden's Executive Office announced that Biden would veto the proposed H.J. Res. 109, allowing highly regulated financial firms to be cryptocurrency custodians. The office claims the resolution would disrupt the SEC and overturn a previous SEC bulletin. The legislation passed in the House of Representatives.