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Crypto Regulation

Democrats’ Win Clouds Crypto Legislation Outlook, Galaxy’s Thorn Says

Democrats winning both chambers of the US Congress is expected to leave key digital-asset legislation stalled, Galaxy research head Alex Thorn said on November 7. Committee leadership will also shift, with Elizabeth Warren potentially chairing Senate Banking and Maxine Waters returning to House Financial Services. Thorn said he does not expect substantive progress on core crypto legislation, even as House Democrats discuss expanding Waters’ consumer-protection bill into broader market-structure legislation.

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