ChainCatcher news, according to Cointelegraph, the Republican Party gained control after securing key Senate seats in Ohio and West Virginia. The Republicans have gained a majority control of the U.S. Senate, which also brings a bright prospect for cryptocurrency regulation, as the Republican-led Senate is preparing to introduce clearer cryptocurrency regulations, indicating that the U.S. will shift towards industry-friendly policies.

It is reported that the U.S. Senate may ultimately clarify cryptocurrency regulatory provisions, and the new Senate may review delayed business-friendly legislation, such as the Digital Commodity Consumer Protection Act, which would grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading.