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https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2022/09/US-House-Shutterstock_1737557429-16x9-1-scaled-gID_7.jpg@png
The GOP victory is fueling optimism, with participants expecting a more favorable regulatory environment under a new administration.
https://decrypt.co/291613/republicans-sweep-2024-elections-hopes-pro-crypto-shift
decryptmedia.com / Decrypt
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2024-11-14 06:57:27
Author Public Key
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wss://articles.layer3.newsPublished at
2024-11-14 06:57:27Event JSON
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"The Republican Party's victory in the 2024 elections has led to a sweep of the U.S. House of Representatives, with Donald Trump returning to the presidency and Republicans gaining control of the Senate. This has raised hopes in the crypto industry for a more lenient regulatory approach. Market indicators have reflected this optimism, with Bitcoin reaching a record high. The new administration has indicated plans to replace SEC Chairman Gary Gensler and develop a national bitcoin reserve. Leadership on key committees, such as the House Financial Services Committee, will also influence the direction of crypto policy."
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