The shift in Senate control could change the path for the CLARITY Act, reshape committee leadership and bring closer scrutiny of Trump’s crypto businesses.
Democrats have won control of the US Senate after flipping Republican-held seats in Texas, Ohio, North Carolina, South Carolina, Kansas and Iowa, according to the Associated Press.
The majority was secured after Democrat Senator Josh Turek won the Senate race for Iowa, bringing Democrats and independents who caucus with them to 51 seats.
The result reshapes the outlook for the stalled CLARITY Act and determines which lawmakers lead committees overseeing the industry.
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