In the US midterm elections, Republicans achieved a clean sweep of all swing states, winning the majority in both the Senate and House chambers of Congress. Elon Musk stated this on Twitter, adding that the GOP also won a majority in the Senate, state governor, and state legislature. This victory comes as a shock to many, with CNN reporting that the few states that didn’t vote red are mostly ones without voter ID requirements.
With the Republicans now in control of Congress, the crypto industry can expect major changes in regulations, positions, and lawsuits. The election results were widely anticipated, with pro-crypto candidates winning, as per Stand With Crypto. The crypto community is eager to see how this new political landscape will impact the industry and its future.
