7*24

Hot topic

Market

Activities

According to Coindesk, the U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future. The Associated Press reported late Wednesday that California Republican Mike Garcia won reelection in the state's 27th Congressional District, giving the party the 218 seats needed for control. The Republicans had long been expected to win the House, though their eventual majority will be unexpectedly slim, and Democrats managed to fend them off from taking over the Senate. While a small number of House races still await final results, Republicans can now expect to soon install their new speaker of the House and – importantly for the crypto industry – new leaders for House committees. The digital assets lobbyists, trade associations and political action committees had prepared for a divided Congress and the industry can now focus attention on a handful of committees and a few bills expected to be recycled from the current session. Republicans will soon be running the agendas on the House Financial Services Committee – expected to be chaired by Rep. Patrick McHenry (R-N.C.) – and the House Agriculture Committee, where Rep. Glenn Thompson (R-Pa.) is currently the ranking Republican. Those panels will be crucial for future crypto bills.

Detail

【Republicans secure US House majority, will shift path for crypto bills】According to Coindesk, the U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future. The Associated Press reported late Wednesday that California Republican Mike Garcia won reelection in the state's 27th Congressional District, giving the party the 218 seats needed for control. The Republicans had long been expected to win the House, though their eventual majority will be unexpectedly slim, and Democrats managed to fend them off from taking over the Senate. While a small number of House races still await final results, Republicans can now expect to soon install their new speaker of the House and – importantly for the crypto industry – new leaders for House committees. The digital assets lobbyists, trade associations and political action committees had prepared for a divided Congress and the industry can now focus attention on a handful of committees and a few bills expected to be recycled from the current session. Republicans will soon be running the agendas on the House Financial Services Committee – expected to be chaired by Rep. Patrick McHenry (R-N.C.) – and the House Agriculture Committee, where Rep. Glenn Thompson (R-Pa.) is currently the ranking Republican. Those panels will be crucial for future crypto bills.

Republicans secure US House majority, will shift path for crypto bills

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles