The Republican Party's victory in the U.S. House of Representatives ensures a Republican trifecta for the next two years, raising hopes for comprehensive crypto legislation in Congress. The House has been the primary body to pass crypto-related bills, and while Democrats were expected to take control in 2024, Republicans have secured a majority with the recent election win of Juan Ciscomani in Arizona. The Fairshake super PAC, which supported numerous candidates, including in safe districts, saw the majority of its backed candidates win their races. Retiring Representative Patrick McHenry spearheaded the passage of the FIT21 Act, while Maxine Waters and McHenry had been collaborating on a stablecoin bill. The future of this legislation remains uncertain.



Other News from Today