When it comes to the world of cryptocurrency, the future of legislation is uncertain. The upcoming election will play a significant role in determining which path lawmakers will take in regards to regulating the crypto industry. Representative Tom Emmer, a Republican and current majority whip, has noted that if one party secures control of the White House, House, and Senate, we may not see any significant progress in crypto legislation this year.
With the potential for a single party to hold all three branches of government, lawmakers may choose to delay any new legislation until they are in power. This would allow them to draft bills without needing to compromise heavily with the opposing party. As a result, the fate of crypto regulation hangs in the balance as we await the outcome of the election.
