The bullish case for Bitcoin remains valid despite the shift in U.S. congressional power…attention on the innovation stance of regulatory agencies

Bitcoin’s core investment case remains intact even if a divided U.S. Congress stalls crypto legislation, according to analyst Scott Melker, who said the network will keep mining blocks regardless of which laws pass. He cautioned that Democratic control of both chambers could intensify political gridlock over the next two years, with Elizabeth Warren and Maxine Waters potentially leading the Senate Banking and House Financial Services committees. Melker argued that crypto-skeptical lawmakers and innovation-friendly regulators should be viewed separately, and that friendlier agency policy could sustain market innovation. The analysis implies bitcoin’s protocol-level operation is insulated from legislative outcomes, leaving regulatory appointments and agency rulemaking as the key variables to watch.