“Divided government is likely the most important outcome for crypto as we believe that is what produces a bipartisan regulatory structure that will remain intact regardless of what happens in future elections,” he wrote in a note for TD Cowen clients. In this session that’s winding down, the Senate has been controlled (barely) by Democrats, and the House had a very narrow majority in the House of Representatives, leaving the two chambers in divided hands. Crypto legislation did manage to wind its way through the House for the first time, but it made no real progress in the Senate. If it had, it would have required a carefully negotiated compromise.
Related posts
-
ETH scams linked to Japanese crypto exchanges drop 69% in H1 2024
Illicit crypto inflows from Japanese exchanges have dropped in 2024, with ETH scams recording a 69%... -
Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4T
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend,... -
SOL Price Hits Record, Continuing Turnaround From Crypto Winter Crash
Please note that our privacy policy, terms of use, cookies, and do not sell my personal...