The cryptocurrency sector is optimistic about the regulatory clarity in the United States following the election of Senator John Thune as the new Senate majority leader. Thune, who won the race on Nov. 13, defeated Senator Rick Scott, endorsed by Elon Musk. Thune aims to streamline bureaucracy and reverse costly regulations. He plans to implement the agenda of President-elect Donald Trump, raising hopes for crypto-friendly policies. Thune has previously supported expanding the CFTC's jurisdiction over crypto regulation and co-sponsored the Digital Commodities Consumer Protection Act. This bill aimed to give the CFTC regulatory authority over major cryptocurrencies like Bitcoin and Ether. Thune's positive stance on crypto, including voting to overturn SEC regulations, has earned him praise from the crypto community. Despite not being endorsed by Trump, Thune's support for crypto aligns with the industry's interests. Read more AI-generated news on: https://app.chaingpt.org/news