The Republican Party has gained control after securing key Senate seats in Ohio and West Virginia, which means that the Republican Party has gained majority control of the U.S. Senate, which also brings a bright prospect for cryptocurrency regulation, as the Republican-led Senate is expected to prepare clearer cryptocurrency regulations, indicating that the United States will turn to policies that are favorable to the industry.
It is reported that the U.S. Senate may eventually clarify cryptocurrency regulations, and the new Senate may review delayed 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. (Cointelegraph)