Galaxy Flags New Risks for Crypto as Democrats Take Both Chambers

Galaxy identified potential congressional scrutiny of Trump-linked crypto businesses after Democrats won both chambers. The firm expected Washington’s policy agenda to shift toward tougher oversight while federal regulators continued developing digital asset rules under existing authority. Galaxy’s head of firmwide research, Alex Thorn, outlined risks for crypto legislation and industry oversight in a Nov. 6 election assessment . Thorn expected U.S. Senator Elizabeth Warren (D-MA) to chair the Senate Banking Committee and Rep. Maxine Waters, D-Calif., to lead the House Financial Services Committee. The leadership changes would put both lawmakers atop panels overseeing financial regulation.

Source: Bitcoin.com News