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Blue Wave Shock Spreads to Crypto Industry, Fueling Fears of Tougher Regulation

Blue Wave Shock Spreads to Crypto Industry, Fueling Fears of Tougher Regulation

Summary

  • Bloomberg reported that Democrats’ control of both the House and Senate could leave the crypto industry facing tougher regulation and congressional investigations.
  • It said Democrats are likely to demand conflict-of-interest safeguards, stronger investor protections, and expanded SEC oversight authority in deliberations over the CLARITY Act.
  • Some in the industry said digital assets have long been a bipartisan issue and that they are prepared to work across party lines with both newly…

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