North Carolina Democrat Rep. Wiley Nickel says upcoming legislative measures could get fellow lawmakers' buy-in as an accounting measure and a market structure crypto bill are set to come up for a vote. 

First up to bat is a legislative measure to overturn the Securities and Exchange Commission's staff accounting bulletin, dubbed SAB 121. The measure, led by Nickel and Rep. Mike Flood, R-Neb., passed out of the U.S. House last week with a vote of 228-182, and 21 Democrats voting for it. It is expected to be voted on this week.  

SAB 121, first published in 2022, has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from safeguarding digital assets. It requires firms that custody crypto to record customer crypto holdings …