Democrats Win Congress, Posing New Regulatory Hurdles for Crypto

Cointime reports: Democrats won control of both chambers of Congress in the midterm elections, creating new political headwinds for the crypto industry. Stand With Crypto said 19 crypto-friendly senators and 226 House members were elected, alongside 8 anti-crypto senators and 106 anti-crypto representatives. Coinbase US policy vice president Kara Calvert said bipartisan legislation will face resistance next year, though crypto remains a bipartisan issue. In Ohio’s Senate race, crypto PAC Fairshake spent heavily against Democrat Sherrod Brown, who defeated Republican Jon Husted.