In a move that has sparked controversy, US President Joe Biden has utilized his power of veto to block the repeal of SAB 121. The resolution, which aimed to roll back regulations on investment firms, has been met with strong opposition from consumer and investor advocates. In his statement, President Biden emphasized the need to protect the well-being of these groups and stated that he will not support any measures that put them at risk. This veto is seen as a significant decision in the ongoing debate over financial regulations and the role of government in safeguarding the interests of the public.