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According to Bitcoin.com News, Ripple CEO Brad Garlinghouse stated in a post on X on November 4 that candidates supporting cryptocurrency have won in both parties, "67 million (and still growing) Americans using cryptocurrency will not go away," and the new Congress should continue the same mission: clear rules and building in the United States.This figure comes from the National Cryptocurrency Association (NCA) report titled "2026 Cryptocurrency Holders Status Report" released on May 13. This study, conducted in collaboration with Harris Poll, shows that about one-quarter of American adults hold cryptocurrency assets, up from one-fifth a year ago; the NCA chairman is Ripple's Chief Legal Officer Stuart Alderoty.Alderoty attributed this victory to the years of investment by the super PAC Fairshake and grassroots advocacy organizations, stating that early data from Stand With Crypto shows a significant number of pro-crypto lawmakers elected from both parties. Ripple had previously made a third investment of $25 million to Fairshake in November 2024. He expressed that "clear rules for digital assets have never been a matter of a single election cycle," and looks forward to working with both parties.

Crypto journalist Eleanor Terrett published an article summarizing the key results of the U.S. midterm elections, stating that the outcomes are generally unfavorable for the Republican Party and the crypto industry. She pointed out that despite over $64 million invested by the crypto industry, it was unable to prevent Sherrod Brown from returning to the Senate, where Brown may gain a leadership position on a committee with jurisdiction over crypto issues. Sherrod Brown previously served as the chairman of the Senate Banking Committee and holds significant influence over legislation and regulation of digital assets.Eleanor Terrett noted that Brown is cautious and even skeptical about crypto, emphasizing that consumer and investor protection should take priority. He advocates for enhanced information disclosure, segregation of customer assets, combating conflicts of interest, and anti-money laundering measures, opposing industry-led lax legislation. While he does not outright reject reforms on stablecoins and market structure, he insists that the regulatory framework must become stricter and not dilute the standards of traditional financial markets.Additionally, pro-crypto representatives Bryan Steil, Zach Nunn, and Ann Wagner were defeated, and Mike Lawler has conceded to Cait Conley, although the Associated Press has yet to make a final determination on New York's 17th congressional district. Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee, helped the Democrats secure a Senate majority that exceeded expectations. After the Republican Party lost control of the Senate, Tim Scott is expected to transition from chairman of the Banking Committee to minority leader; the outcome in French Hill's district has not yet been determined, but it appears he may narrowly win and is expected to become minority leader, with the chairmanship taken over by Maxine Waters. Pete Ricketts won in Nebraska, and Andy Barr secured the vacant Senate seat in Kentucky, succeeding Mitch McConnell and potentially competing for a position on the Banking Committee.

The POW cryptocurrency information platform bitgou.org operator Alch-crypto stated that PRL has been exploited by malicious actors. It claimed that someone poisoned the model hosting platform Hugging Face, disguising 31 repositories as Qwen2 small models. Once users load them using trust_remote_code, the PRL miner program will be installed, which also disguises itself as a system process. Some versions come with backdoors that allow remote control of the machines.Alch-crypto mentioned that after the first batch of related repositories was deleted, the attackers changed accounts and re-listed them, with downloads exceeding 32,000 times. The attackers' first batch of wallets has received about 2,276 PRL, which is approximately equivalent to $5,000 based on the price at the time of the post, and they are still receiving payments even after the repositories were deleted.Alch-crypto also reminded local model users: do not enable trust_remote_code for models from unknown sources; if GPU usage spikes abnormally, check the processes first and separate mining devices from machines running AI.

With only 22 days left until the U.S. midterm elections, Fairshake, aligned with the stance of the U.S. cryptocurrency industry, and its affiliated Political Action Committee (PAC) have ramped up advertising to support their identified "crypto-friendly" candidates. According to documents disclosed by the Federal Election Commission (FEC) on Saturday, the PACs Defend American Jobs and Protect Progress have collectively spent $2.7 million on media and direct mail production to support Democratic and Republican candidates running for the U.S. House of Representatives in 2026. Fairshake's funding primarily comes from donations from investment bank Cantor Fitzgerald, cryptocurrency exchange Coinbase, and Ripple Labs.Specific expenditures include: over $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Congressman Pete Aguilar, and $500,000 for New Jersey Congressman Josh Gottheimer. A few days earlier, Fairshake announced it would additionally support 32 House candidates in 2026, with 6 of them each receiving $1 million in media support.

CFTC Chairman Mike Selig stated, "For years, the anti-crypto army, doomsayers, and slowists have stifled innovation." "The CFTC is turning a new page, charting a course for innovators to explore the new frontier of finance."

Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, which will impose a 0.2% tax on the transaction value of digital asset transactions or services provided to customers in Illinois. The law will take effect on January 1, 2027.The tax primarily targets crypto service providers, including exchanges, custodians, and brokers, requiring them to collect and remit the tax on behalf of their clients, similar to a sales tax. Industry organizations such as the Crypto Council for Innovation, Digital Chamber, and Illinois Blockchain Association strongly oppose the bill, stating it could become one of the most stringent digital asset tax regimes in the nation. Critics argue that the tax will impose additional costs on Illinois residents simply for using digital assets and may drive crypto businesses, developers, and innovation out of the state.

Bitget's transparency report for the first quarter of 2026 released today shows that user trading behavior is accelerating its shift from single cryptocurrency assets to multi-asset portfolios. By the end of the first quarter, the trading volume of non-cryptocurrency assets such as commodities accounted for 20%-40%, while the proportion of cryptocurrency assets fell from its dominant position at the beginning of the year to 60%-80%. The fluctuation of this data marks that a panoramic asset portfolio has become a core strategy for high-net-worth investors.On the product and ecosystem level, Bitget released the white paper for the panoramic exchange UEX in the first quarter, further clarifying the direction of integration of cryptocurrency assets, tokenized assets, and AI-driven trading under a unified framework. At the same time, the platform continues to strengthen its AI trading infrastructure, successively launching Agent Hub and GetClaw, promoting the evolution of AI from an auxiliary tool to an execution system, allowing agents to access real-time market data, identify trading signals, and execute operations autonomously under established parameters.Bitget CEO Gracy Chen pointed out: "The boundaries between the cryptocurrency market and traditional finance are rapidly dissolving, and the explosive growth of CFD business indicates the arrival of a unified market. Users are no longer making binary asset choices but are engaging in efficiency games with diverse assets under the same logical system."

The crypto super PAC Fairshake is investing $1.5 million in an advertising campaign aimed at preventing Texas Democratic Congressman Al Green, who has a critical stance on the crypto industry, from winning in the primary election. This expenditure is pledged by Fairshake's affiliate Protect Progress.Al Green has been rated "F" by the pro-crypto organization Stand With Crypto for highlighting the potential risks of cryptocurrency and voting against crypto policy legislation, while his opponent Christian Menefee received an "A" rating. The $1.5 million investment from Fairshake exceeds the over $700,000 in campaign funds that Al Green has currently raised.It is reported that Fairshake has a funding reserve of $193 million and announced this week that it will spend $5 million to support another pro-crypto Republican Congressman Barry Moore.

The Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, Patrick Witt, posted on the X platform that a cryptocurrency market structure bill is inevitable, and it is unrealistic to expect an industry worth trillions of dollars to operate without a comprehensive regulatory framework.Patrick Witt pointed out that with a president who supports cryptocurrency, control of Congress, and the regulatory environment of the SEC and CFTC, the industry should seize the opportunity through legislation, rather than allowing the Democrats to enact punitive legislation after a future financial crisis. Patrick Witt emphasized that while the CLARITY Act may not be perfect, compromises must be made to secure 60 votes in the Senate, and perfection should not be an obstacle to pursuing excellence.

As Democratic Commissioner Caroline Crenshaw leaves the U.S. Securities and Exchange Commission (SEC), the SEC is now entirely composed of Republicans. The Trump administration is unprecedentedly consolidating control over the executive branch, and it is expected that the SEC, composed entirely of Republicans by 2026, will accelerate the formulation of pro-crypto regulatory policies, with internal dissent now vanished.The three current Republican commissioners at the SEC are Chairman Paul Atkins, Hester Peirce (nicknamed "Crypto Mom"), and Mark Uyeda. There are currently two vacant seats, resulting in the first instance of all sitting commissioners being from a single party, which U.S. economic policy experts have described as "unprecedented."

According to the official announcement from the U.S. Securities and Exchange Commission, Commissioner Caroline Crenshaw has officially left her position.It is reported that Caroline Crenshaw is a crypto skeptic who previously stated that the SEC's guidance on meme coins did not provide a clear legal definition. However, in February of this year, she published "Crypto 2.0: Regulatory Whip," arguing that the enforcement actions against Coinbase undermine regulatory credibility, leading people to mistakenly believe that law enforcement resources are deployed based on election cycles or in ways that favor the wealthy, which has drawn criticism.

According to Cointelegraph, Wyoming Representative Harriet Hageman recently released a mysterious video titled "Soon," sparking speculation about her potential candidacy for the Senate seat in 2026. This comes after current Senator Cynthia Lummis announced she would not seek re-election. As a staunch supporter of the cryptocurrency industry, Lummis has pushed for several blockchain legislations, including the Responsible Financial Innovation Act, and her departure will leave the crypto industry without an important ally.Although Hageman has not yet made digital assets a core focus, she has gained the support of Caitlin Long, a key advocate for blockchain legislation in Wyoming. The 2026 election will test whether the state continues to maintain its position as a Senate advocate for cryptocurrency.

ChainCatcher news, the newly established independent political action committee The Fellowship PAC announced that it has raised over $100 million to support pro-innovation, pro-cryptocurrency candidates, aiming to maintain the United States' leadership in the global digital assets and entrepreneurship sectors.The Fellowship PAC stated that its mission is built on the unprecedented momentum created by innovators, entrepreneurs, and investors, emphasizing transparency and trust as its core differentiators, ensuring that political actions directly support the broader crypto ecosystem rather than narrow or personal interests. In the context of the Trump administration's push to establish a regulatory framework, the organization is committed to making the U.S. a global cryptocurrency hub.The Fellowship PAC will focus on supporting candidates committed to providing transparent and predictable rules for digital assets, protecting the U.S.'s global competitive advantage in technology and entrepreneurship, and preventing the ongoing brain drain of talent and entrepreneurs to overseas markets. As an independent expenditure committee (super PAC), the organization does not coordinate with candidates or parties, and its goal is to ensure that the U.S. continues to maintain its global leadership in crypto and innovation through transparent, ecosystem-wide support.

ChainCatcher news, the newly established super political action committee Fellowship PAC announced on Monday that it will spend over $100 million to support candidates advocating for pro-crypto policies. This is the latest initiative from the digital asset industry to overwhelm political opponents and push legislators in Washington to protect industry interests.It is worth noting that this PAC is more inclined to ally with the Republican Party and former President Trump compared to the currently dominant super PAC in the crypto industry, Fairshake. According to filed documents, the financial officer of Fellowship PAC is an executive from Wall Street firm Cantor Fitzgerald, which was previously led by Secretary of Commerce Howard Lutnick.According to two insiders, supporters of the organization are expected to include Tether, the world's largest stablecoin issuer. This foreign company recently established a U.S. entity, allowing it to provide funding to the super PAC. Tether has faced allegations of financial fraud and enabling platform crime, but has recently been actively building connections with the Trump administration, including hiring Bo Hines, who just left his position as Trump's crypto advisor last month, and working closely with Cantor Fitzgerald, operated by Lutnick's son.

ChainCatcher news, according to Jinshi reports, SEC Chairman Atkins has stated that he has asked staff to study how to adjust the custody system to promote the development of cryptocurrency custody services, while also instructing staff to develop a framework to allow for the parallel trading of crypto and non-crypto securities.To accommodate the trading of tokenized securities, the SEC may need to consider revising the National Market System Rules.

ChainCatcher news, according to Ainvest, the U.S. Senate voted down an anti-cryptocurrency corruption amendment with 46 votes in favor and 54 votes against. The amendment was proposed by Senator Jeff Merkley and aimed to prohibit elected officials from using their positions to gain improper benefits in the cryptocurrency field.The main goal of the amendment was to prevent public officials from obtaining "unfair gains" by promoting specific cryptocurrencies or achieving self-interest through "cryptocurrency schemes." Specific measures included prohibiting officials from publicly promoting specific cryptocurrencies, strengthening disclosure requirements for holdings, restricting cryptocurrency trading during their term, and preventing conflicts of interest.Senator Merkley stated on social media platform X that the failure of the amendment was mainly due to opposition from Republicans.

ChainCatcher news, according to Cointelegraph, the Financial Action Task Force (FATF) recently issued a warning regarding the rise of criminal activities involving stablecoins. Executives from blockchain analysis companies Chainalysis and Asset Reality stated that this move aims to strengthen regulation rather than restrict industry development. Data shows that by 2025, stablecoins will account for 63% of the total volume of illegal crypto transactions.Chainalysis policy advisors pointed out that the FATF calls for countries to unify regulatory standards for stablecoin issuers, implement real-time monitoring, and enhance international cooperation. The co-founder of Asset Reality emphasized the need to apply traditional financial anti-money laundering standards to the digital asset space. In 2023, Tether froze $225 million in USDT related to fraud at the request of the United States.