7 Things Democrats Could Mean for Bitcoin and Crypto

Crypto spent $195.8 million in 2024 to win a friendlier US Congress. On Tuesday, voters handed both chambers to Democrats, and the man the industry spent $40 million to defeat is coming back. That reaches well beyond crypto wallets. Bitcoin holders, crypto stock investors, and every exchange in America are waiting on one thing, a federal law that says who regulates crypto. From January, that law needs a party whose leaders have spent this year questioning the industry and the president’s crypto earnings. Why Is Crypto’s Wish List Now Harder to Pass? 1. Every crypto bill now needs Democrats. Democrats took Republican-held Senate seats in Texas, Kansas, Iowa, and Ohio, according to PBS . CBS News projected Democratic control of both chambers. The new Congress takes its seats in January.

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