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Connect scattered updates into a story you can understand.
The Information reported that Nvidia's lobbying against restrictions on China's access to advanced chips is losing influence in Washington, which may make MATCH, Overwatch and the Chip Security Act easier to advance.
Analysts say that if Warren chairs the Senate Banking Committee, she could increase pressure on Trump's crypto business and regulators through investigations and hearings, but strict legislation still faces significant obstacles.
PANews reports that former Chairman of the House Financial Services Committee, Patrick McHenry, stated that the crypto industry missed the best opportunity to advance market structure legislation and establish a regulatory framework, and acknowledged that he bears some responsibility.
BlockBeats reports that Alex Thorn, head of research at Galaxy, believes that with the Democratic Party winning both chambers of the U.S. Congress, substantive progress on key digital asset legislation is unlikely, and committee leadership may be reshuffled.
BlockBeats, citing Reuters, reported that Warren is expected to become chair of the Senate Banking Committee after Democrats take control of Congress next January and may investigate the OCC’s decision to approve WLFI Bank’s charter. Committee assignments remain to be decided by the Democratic Party.
Hillary Clinton called on The View for the new Congress to hold Musk and others accountable after taking office in January 2027, and to investigate issues such as their data access, conflicts of interest, and X platform algorithms.
According to reports, the Democratic Party achieved a major victory in the U.S. midterm elections, which could change the crypto policy environment. Sharplink CEO Joseph Chalom expects the CLARITY Act may remain stalled until 2028.
According to reports, House Democratic leader Jeffries stated that currently no Democratic lawmaker has raised a demand with him to impeach Trump, and the caucus will focus on the cost of living and executive oversight.
SkyBridge Capital founder Anthony Scaramucci said that Trump's crypto business and meme coin issuance have weakened bipartisan support for the CLARITY Act. The report also said that the Senate's September 15 procedural motion was not passed.
Trump said that if the Democratic Party launches impeachment proceedings after taking control of Congress next year, he would "destroy" the Democratic Party, and said he would not fire Hegseth.
BlockBeats said, according to Stand With Crypto election tracking data, 226 crypto-friendly candidates were elected to the House of Representatives, 19 were elected to the Senate, totaling 245 across both chambers.
