Crypto just lost its political tailwind in Washington.
Democrats are set to control Congress after the midterms (Japan Times/Bloomberg).
• Two years of friendly regulators and a Republican Congress, now ending
• Comprehensive market-structure legislation may get harder on the industry's terms
• Congressional scrutiny of Trump's crypto ties is now on the table
Meanwhile $BTC sits near $75.8K, still under $80K, with volume down sharply.
My take: policy risk is back in the pricing conversation, and CPI on Tuesday adds more. Watch how $ETH and alts react Monday.
Does a Democratic Congress make crypto rules clearer or tougher? Pick one.
Not financial advice.
#Bitcoin #CryptoRegulation #Midterms #CPI
Democrats are set to control Congress after the midterms (Japan Times/Bloomberg).
• Two years of friendly regulators and a Republican Congress, now ending
• Comprehensive market-structure legislation may get harder on the industry's terms
• Congressional scrutiny of Trump's crypto ties is now on the table
Meanwhile $BTC sits near $75.8K, still under $80K, with volume down sharply.
My take: policy risk is back in the pricing conversation, and CPI on Tuesday adds more. Watch how $ETH and alts react Monday.
Does a Democratic Congress make crypto rules clearer or tougher? Pick one.
Not financial advice.
#Bitcoin #CryptoRegulation #Midterms #CPI