EVERY CRYPTO HOLDER SHOULD READ THIS Democrats have won control of both the House and Senate, and this could be a major setback for Trump's agenda and the crypto market. Trump…
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🚨 EVERY CRYPTO HOLDER SHOULD READ THIS Democrats have won control of both the House and Senate, and this could be a major setback for Trump's agenda and the crypto market. Trump will remain Preside…
🚨 EVERY CRYPTO HOLDER SHOULD READ THIS Democrats have won control of both the House and Senate, and this could be a major setback for Trump's agenda and the crypto market. Trump will remain President, but he is about to lose much of the support in Congress that helped him push his policies forward. Here's what could change: 1. New laws: Trump will need Democratic support to pass major legislation. His Republican majority will no longer be there to help him. 2. Government spending: Democrats can block new funding for Trump's projects, including border-wall expansion and other major spending plans. 3. Tax cuts: New tax cuts and other economic policies could face much stronger opposition. 4. Appointments: Democrats can block Trump's choices for judges and senior government positions through the Senate. 5. Iran war: Congress could restrict new military funding, making it harder for Trump to finance an extended conflict. 6. AI companies: Democrats have already proposed opposing taxpayer bailouts if the AI bubble collapses. Their proposal warns about trillions in AI-related debt and the risks to the wider stock market. 7. Investigations: Democrats will have greater power to investigate Trump's administration and could even begin impeachment proceedings. But crypto could be one of the biggest areas affected. The crypto industry spent enormous amounts trying to get supportive politicians elected. Fairshake alone spent nearly $196 million during the 2024 elections. And even with Republicans controlling Congress, Trump's major crypto market-structure bill, the CLARITY Act, failed to advance in the Senate in September. It received only 50 votes, falling short of the 60 needed. Now Democrats will control both chambers. That could mean: • New crypto-friendly laws becoming even harder to pass. • More pressure for stricter rules on exchanges, stablecoins, and DeFi. • Greater investigations into crypto companies and Trump's own crypto-related businesses. • More uncertainty for companies waiting for clear U.S. crypto regulations. Democrats have already called for stronger exchange oversight following the recent Binance security incident. And with the new Congress taking office in January, the industry could face a very different political environment. For now, this could create another setback for crypto, especially when the market is already struggl
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