The Republican Party has taken control of the U.S. House of Representatives, with Donald Trump returning as president and Republicans gaining control of the Senate. This is good for the cryptocurrency industry, as it means a more friendly regulatory environment for the sector. The House’s support for crypto has grown, with the addition of Juan Ciscomani to the Republican side.
This change could lead to more crypto-friendly legislation being introduced. Market indicators show that investors are optimistic about the future of crypto, with Bitcoin reaching a record high of $93,477. Trump has also announced plans to replace SEC Chairman Gary Gensler, which could be a positive move for the industry.
