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.
Democrats Win Congress, Posing New Regulatory Hurdles for Crypto
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
8m ago
SignalPlus discloses hack loss under $82K, pledges full user reimbursement
10m ago
Polygon Draft PIP-93 Would Merge Security Council, Set 7-Day Upgrade Delay
34m ago
Coincheck Halts Crypto Withdrawals After External Chain-Analysis Service Fails
35m ago
Bitcoin ETFs see $1.12B net outflow over 7 days, turn to small daily inflow
38m ago
Google Backs Anthropic’s $19B TeraWulf Data Center Lease
46m ago
Samsung Wallet launches Solana-based USDC accounts for US Galaxy users