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[Analysis: Republican Majority In The Senate Means The U.S. Congress Will Be More "supportive Of Cryptocurrency"] According To Cointelegraph, The Republican Party Has Gained Majority Control Of The U.S. Senate, Bringing A Bright Future For Cryptocurrency Regulation In The United States. Anastasija Plotnikova, CEO And Co-founder Of Fideum, A Regulatory And Blockchain Infrastructure Company Focused On Institutions, Said That More Than 240 Pro-cryptocurrency Candidates Were Elected To The House Of Representatives And Senate, Which Is A "historic Achievement" For The United States To Clarify Cryptocurrency Regulation. Anndy Lian, An Intergovernmental Blockchain Expert, Said That The Republican-controlled Senate May Eventually Clarify U.S. Cryptocurrency Regulations, And The New Senate May Review Delayed Business-friendly Bills Such As The Digital Commodity Consumer Protection Act, Which Would Give The Commodity Futures Trading Commission (CFTC) Exclusive Jurisdiction Over Digital Asset Transactions. James Davies, CEO Of Crypto Valley Exchange, Said That Controlling The Majority Of Seats In The Senate Is At Least As Important To The Future Of Cryptocurrency Regulation As The President, Which Could Significantly Change The U.S. Securities And Exchange Commission's Regulation Of The Cryptocurrency Field. Davies Hopes That Former Commodity Futures Trading Commission Chairman Chris Giancarlo Will Be Nominated To Replace Gensler On The Securities And Exchange Commission. The Crypto Industry Sees The 2024 Presidential Election As A Good Thing, With Coinbase Co-founder And CEO Brian Armstrong Calling It The “most Pro-crypto Congress The United States Has Ever Seen” That Will Promote Clearer Crypto Regulation
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