Republican majority in Senate could mean more crypto support in US Congress
On November 6th, the Republican Party secured key seats in the Senate in Ohio and West Virginia, gaining control and a majority in the US Senate. This brings a bright future for cryptocurrency regulation as the Republican-led Senate is expected to enact clearer cryptocurrency regulations, indicating a shift towards industry-friendly policies. It is reported that the US Senate may ultimately clarify cryptocurrency regulatory provisions and the new Senate may review delayed business-friendly bills such as the Digital Commodities Consumer Protection Act, which would give the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading.
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