Republican majority in Senate could mean more crypto support in US Congress

11/06 14:01

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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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