The Republican-led Senate may mean that the U.S. Congress will be more supportive of cryptocurrencies

2024-11-06 21:47:14

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ChainCatcher news, according to Cointelegraph, the Republican Party has gained control after securing key Senate seats in Ohio and West Virginia. The Republicans have obtained a majority control of the U.S. Senate, which brings a bright outlook for cryptocurrency regulation, as the Republican-led Senate is poised to introduce clearer cryptocurrency regulations, indicating that the U.S. will shift towards industry-friendly policies.

It is reported that the U.S. Senate may ultimately clarify cryptocurrency regulatory provisions, and the new Senate may review delayed business-friendly bills, such as the Digital Commodity Consumer Protection Act, which would grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading.

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