If the Democratic Party wins the midterm elections in the United States, Wall Street and the cryptocurrency industry will face more regulatory investigations

If the Democratic Party wins a majority of seats in the U.S. House of Representatives or Senate in the midterm elections, they will have the power to subpoena, investigate teams, and require officials and executives to attend hearings. Wall Street financial institutions, cryptocurrency companies, and related regulatory agencies will face more scrutiny. The cryptocurrency industry is concerned about the influence of Congressman Sean Casten after the Democratic Party took control of the House Financial Services Committee. Sean Casten has advocated for stronger cryptocurrency regulation and opposed the CLARITY Act. (Source: Reuters)