The Republican Party’s total control over Congress marks a potential turning point for crypto policies in the U.S. Advocacy groups are prioritizing the Senate Banking and House Financial Services Committees to influence favorable regulations.
Congressman French Hill has expressed his dedication to introducing a crypto market structure bill early in the legislative session, indicating a proactive approach by the GOP towards crypto-friendly legislation.
Despite the positive outlook, challenges persist with anti-crypto sentiments from certain politicians. Advocates highlight the urgency for reforms, as the potential shift in power during the midterm elections could hinder pro-crypto initiatives.