🇺🇸 Crypto’s Washington Momentum Stalls After the Midterms
Democrats won control of both the House and Senate in the Nov 3 midterms, and the new Congress starts on Jan 3, 2027. Here is what it means for crypto:
🔹 The industry’s market structure bill (the Clarity Act) already stalled in the Senate in September, and a quick revival now looks less likely
🔹 The GENIUS Act (stablecoin law) is already in place and was not undone by the election
🔹 Crypto PACs spent nearly $200 million this cycle, and several backed candidates lost
🔹 Analysts expect more oversight hearings, including on Trump family crypto ventures
📉 Bitcoin recovered on Wednesday, then saw renewed selling on Thursday
How do you think this will change crypto regulation in the US? 👇
#Crypto #CryptoNews #Bitcoin #USPolitics #Regulation
Not financial advice. Sources: Bloomberg, CNBC, Forbes
$BTC
Democrats won control of both the House and Senate in the Nov 3 midterms, and the new Congress starts on Jan 3, 2027. Here is what it means for crypto:
🔹 The industry’s market structure bill (the Clarity Act) already stalled in the Senate in September, and a quick revival now looks less likely
🔹 The GENIUS Act (stablecoin law) is already in place and was not undone by the election
🔹 Crypto PACs spent nearly $200 million this cycle, and several backed candidates lost
🔹 Analysts expect more oversight hearings, including on Trump family crypto ventures
📉 Bitcoin recovered on Wednesday, then saw renewed selling on Thursday
How do you think this will change crypto regulation in the US? 👇
#Crypto #CryptoNews #Bitcoin #USPolitics #Regulation
Not financial advice. Sources: Bloomberg, CNBC, Forbes
$BTC
