Republicans are projected to hold the U.S. House of Representatives, giving the party total control of the government after gaining a majority in the Senate with Donald Trump’s election victory.
Headquarters of the Decisions Office called race for nomination to the House of Representatives on November 12 at 12:13 UTC, forecasting the GOP would gain the 218 seats needed for a majority after Republican Juan Ciscomani was predicted to be re-elected to represent Arizona’s 6th Congressional District.
There are still eight places left, According to to the seat of the decision-making office. The Republican Party is currently leading in the race for the only seat in Alaska, as well as in three districts in California that are still open, with the rest held by Democrats.
The modern Congress and the White House will not take power until January 2025, but this is expected to be the first time since the middle of Trump’s last term that Republicans will organize a trifecta – controlling the executive branch and both chambers of the legislative branch. term of office in 2019
The GOP could be on track to gain a total of 222 House seats if it can maintain its lead in Alaska and some California seats. Source: Headquarters of the Decisions Office
Two Republican-backed cryptocurrency bills have stalled in Congress and may now have a chance of passing next year if they are not considered during the lame-duck session.
The regulatory bill, the Financial Innovation and Technology for the 21st Century Act (FIT21), has stalled in the Democratic-led House after passing it in the House in May, while the framework bill for stablecoins – the Stablecoins Payments Transparency Act – has similarly stalled in the House.
Related: What happened to the top 10 cryptocurrencies when Trump was last president?
The next Congress is widely considered the most pro-cryptography in history, along with the Kobeissi Letter noticing on X that 50 of 58 congressional candidates backed by pro-crypto PACs have won so far, citing an October Politico article report.
“Never in history have cryptocurrencies had such an impact on elections as they did this year,” they wrote. “It’s not even close.”
Opinion: GOP crypto maxis almost as bad as the Democrats’ “anti-crypto army.”
