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Crypto Regulation

Democrats Win Congress, Crypto Industry Faces New Regulatory Headwinds

Democrats took control of both the Senate and House in the midterm elections, creating new political headwinds for the crypto industry. Stand With Crypto said 19 crypto-friendly senators and 226 House members were elected, alongside 8 anti-crypto senators and 106 anti-crypto representatives. Coinbase US policy VP Kara Calvert said bipartisan legislation will face resistance next year, though crypto remains a bipartisan issue. In Ohio’s Senate race, crypto PACs including Fairshake spent heavily against Democrat Sherrod Brown, who defeated Republican Jon Husted.

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AI take

The headline partisan framing obscures a more useful signal: Stand With Crypto's own member counts suggest crypto-friendly lawmakers still hold a substantial share of both chambers, so the shift is one of degree rather than a reversal. The industry's bigger test is whether its campaign spending translated into influence, given that heavy PAC outlays in Ohio did not prevent Sherrod Brown's victory. Whether bipartisan legislation can still advance despite the changed leadership, and whether crypto remains a genuinely bipartisan issue rather than a party-line one, is the open question.

Generated by AI for reference only.

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