US lawmakers will vote next week on H.J. Res. 109, a bill to overturn the controversial SEC accounting bulletin—Staff Accounting Bulletin 121 (SAB 121). President Joe Biden vetoed the bill in May, reinforcing his administration’s commitment to strict financial regulations.

House Majority Leader Steve Scalise’s weekly schedule indicates that the resolution may be considered on Tuesday or Wednesday of next week.

Biden’s SAB 121 Veto Faces Potential Override

SAB 121 mandates that financial institutions list their customers’ digital assets on their balance sheets. Critics argue that this rule keeps digital assets outside the US financial system. The House and Senate approved the repeal of SAB 121 in May, but the President vetoed it.

Overturning Biden’s veto requires a two-thirds majority vote from the House and Senate. Alexander Grieve, head of government relations at venture capital firm Paradigm, noted that achieving this might be possible given the industry’s growing political awareness.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

Crypto has become an important political topic in the current election cycle. Companies like Coinbase and Ripple are donating to the crypto-focused Super Political Action Committee (PAC) Fairshake. In a recent development, Multicoin Capital, a blockchain investment firm, plans to donate up to $1 million in Solana to support pro-crypto Republican lawmakers.

“Over the next 10 days, Multicoin Capital will match all SOL donations to Sentinel Action up to $1 milion in value. If you make a contribution in SOL during this period, we’ll double the impact of your contribution with our match,” Kyle Samani, managing partner at Multicoin Capital said.

Due to this, President Biden and former President Donald Trump are both courting crypto investors. Trump has garnered more industry stakeholders’ support due to his more favorable stance toward crypto. The former president had pledged to support the industry and end the Biden administration’s “war on crypto.”

Read more: How Can Blockchain Be Used for Voting in 2024?

On the other hand, President Bident has faced increasing questions about his ability to contest the November elections following a poor debate performance against Trump. Bettors on Polymarket believe there is a 62% chance he will drop out of the campaign despite his insistence to remain in the race.

“Let me say this as clearly as I can: I’m the sitting President of the United States. I’m the nominee of the Democratic party. I’m staying in the race,” Biden stated.

The highly anticipated documentary “Vitalik: An Ethereum Story” will premiere in September. This film offers an in-depth look into the life of Vitalik Buterin, the co-founder of the Ethereum (ETH) blockchain, and the transformative journey of his groundbreaking project.

The documentary is part of the “Ethereum Stories” initiative, which includes a series of short films, also set to release in September 2024.

Vitalik Buterin and Ethereum’s Journey Through the Lens

After more than three years in the making, the documentary promises to reveal the human side of the Ethereum phenomenon. According to IMDB, the directors, known for their previous work on “The Meme Economy,” began filming in 2021 when they first met Buterin. The project gained significant support through the crowdfunding platform Mirror.xyz, raising 1,035.96 ETH, equivalent to $2.9 million.

Read more: Who Is Vitalik Buterin? An In-Depth Look at Ethereum’s Co-Founder

“Vitalik: An Ethereum Story” documents technological advancements and emphasizes the people and emotions driving the Ethereum movement. The filmmakers aimed to create a narrative accessible to community members, crypto enthusiasts, and skeptics alike.

The film directors Zach Ingrassi and Chris Temple captured key moments in the crypto industry. These events include the NFT boom, geopolitical turmoil, and the massive software upgrade known as Ethereum 2.0.

“During the rollercoaster of 2021-2023, the Ethereum community experienced some serious growing pains. But no matter the chaos and challenges, Vitalik remained an anchor, steadfast in his vision for an open internet accessible to all,” the team wrote in their blog.

The documentary’s official trailer will debut on July 23 on the Zora network. This trailer also allows viewers to support the film’s distribution through minting tokens. An on-chain ticketing event will start on July 26, allowing buyers to watch the documentary for 30 days on ethereumfilm.xyz.

The world premiere is scheduled for September 18, with a broader theatrical release planned for the fall of 2024. The documentary will also be available on traditional streaming platforms in the winter of 2024/2025. This release will be accompanied by an extensive marketing campaign to reach a diverse audience and expand the film’s impact beyond the crypto community.

Read more: How to Buy Ethereum (ETH) and Everything You Need to Know

This documentary follows a growing trend of films exploring the crypto industry. Recently, Bloomberg journalists produced a documentary on Sam Bankman-Fried, founder of the defunct crypto exchange FTX. 

Additionally, in 2022, Coinbase released a film about its success story, available on platforms like iTunes, YouTube, Google Play, and Vimeo. These films highlight the increasing interest in and significance of the crypto industry in mainstream media.

Contrasting Bitcoin’s recent decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, suffering only a modest 5.64% drop over the past 24 hours. This occurs as the broader cryptocurrency market crashes, with major players like Ethereum (ETH) and Solana (SOL) taking sharp dives.

Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), is up by over 17%. His meme coins surge amidst anticipation of an airdrop.

Andrew Tate Shares Plans For The Real World (TRW) Token

According to data from DEX Screenr, DADDY’s market capitalization has reached approximately $115 million, surpassing the 50,000-holder mark. This milestone is significant, particularly as Bitcoin endures its second-largest liquidation event in history.

Tate has teased even grander aspirations, forecasting a $1 billion market capitalization for the meme coin.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Amidst this, Andrew Tate, a controversial social media influencer, has announced an airdrop of The Real World (TRW) token, backed by his educational business. Tate claims that the value of TRW is directly linked to his enterprise’s profits, which reportedly amass about $20 million monthly.

“This token is going to be backed by the profits of the real world. Depending on how much of the tokens you own, depends how much of The Real World you own. If you own 1% of the token supply, you own 1% of The Real World,” Tate elucidated.

However, this bold initiative has not escaped scrutiny. Crypto investor Luke Martin voiced concerns about potential regulatory challenges from the US Securities and Exchange Commission (SEC).

“He either makes 9 figs or gets a 9 fig legal battle with the US government. Bold strategy,” Martin said.

Despite potential legal complications, Tate confidently asserts his readiness to handle SEC inquiries.

“If you knew the names working with me to handle SEC obligations, you wouldnt worry,” Tate said.

Conversely, on-chain analytics platforms like Lookonchain and Bubblemaps have raised alarms about insider activities connected to DADDY. Lookonchain highlighted a notable transaction in which an insider sold 15.14 million DADDY coins for about $1.74 million after acquiring them for merely $1,950. This transaction resulted in a profit magnification of nearly 2,875 times.

Read more: Crypto Scam Projects: How To Spot Fake Tokens

Moreover, Bubblemaps identified dubious trading patterns near DADDY’s launch, revealing that insiders had secured 30% of the total supply before Tate’s promotional activities commenced.