With the decline of political advantages, the cryptocurrency industry may face stricter regulation after the Democrats took control of Congress.

Odaily Planet Daily News: With the Democrats' sweeping victory in the midterm elections and control of Congress, the crypto industry's political advantage in Washington is fading, potentially facing stricter regulations and closer scrutiny of Trump's crypto ventures. The Democrats plan to introduce tighter ethical restrictions, stronger consumer protections, and expand the SEC's role in regulating digital assets. Maxine Waters and Elizabeth Warren are expected to wield greater influence in the House Committee on Financial Services and the Senate Committee on Banking, respectively.