The Republican majority in the Senate may mean that the U.S. Congress will be more supportive of cryptocurrencies."
On November 6, it was reported that the Republican Party of the United States gained control after securing key seats in the Senate of Ohio and West Virginia. That is, the Republican Party has gained majority control of the U.S. Senate, which also brings bright prospects for cryptocurrency regulation, because the Republican-led Senate is expected to prepare to introduce clearer cryptocurrency regulations, which shows that the United States will shift to policies that are beneficial to the industry. It is reported that the U.S. Senate may eventually clarify regulations on cryptocurrency regulation, and the new Senate may review deferred business-friendly bills, such as the Digital Commodities Consumer Protection Act, which will give the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset transactions.
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