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The US SEC is now fully controlled by Republicans, and favorable regulatory rules for the crypto market may be introduced within the year.
Odaily Planet Daily News reports that the U.S. Securities and Exchange Commission (SEC) is now fully controlled by the Republican Party and is expected to implement cryptocurrency-friendly regulations by 2026. The agency will continue the rulemaking efforts supporting cryptocurrencies from last year, as Republicans are generally more friendly towards the crypto industry than Democrats. It is reported that the U.S. Senate is expected to vote soon on the Cryptocurrency Market Structure Act. (Cointelegraph)