Democrats secure both chambers... Alex Sohn predicts tough progress for virtual asset legislation
Original headline민주당 양원 장악…알렉스 손, 가상자산 법안 진전 난항 전망
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Democrats won majorities in both chambers of the U.S. Congress in the midterm elections, dimming prospects for substantive progress on major digital-asset legislation, according to Alex Thorn, head of research at Galaxy Digital ($GLXY). Thorn framed the outlook as slow legislative going rather than any formal abandonment of crypto bills. He pointed to the likelihood that Elizabeth Warren chairs the Senate Banking Committee and Maxine Waters again leads the House Financial Services Committee as leadership takes shape. The split raises the risk that House oversight and investigative priorities aimed at the Trump administration crowd out crypto bill work. What to watch next is committee chair assignments and whether any digital-asset measure advances.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Alex Thorn, Galaxy Digital (GLXY), Democratic Party, Maxine Waters, Elizabeth Warren
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