In short, Tuesday's election results represent a big win for crypto. Compared to the Biden Administration, the Trump Administration will likely mark a significant improvement from the regulatory status quo, with the expected appointment of less crypto-hostile, if not pro-crypto, agency personnel and increased engagement with industry stakeholders on rulemakings. Republican control of the House and Senate also offers several reasons to be optimistic that pro-crypto legislation reaches President Trump's desk in the 119th Congress. And the successes of pro-crypto candidates on both sides of the aisle, particularly in key swing states and districts, show there is likely much more to gain than lose politically by embracing crypto.
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