Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?

Unfortunately
however,
the
legislative
measure
is
now
heading
to
the
desk
of
President
Joseph
Biden,
who
has
vowed
to
veto
it
in
a
show
of
solidarity
with
the
SEC.
Although
a
number
of
high
profile
Democrats,
including
New
York
Sen.
Chuck
Schumer,
voted
in
favor
of
overturning
the
bulletin,
the
Senate’s
60
to
38
vote
on
Thursday
failed
to
cross
the
threshold
to
override
a
presidential
veto.