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Bitcoin Price Drops as US Midterm Election Results Shift Political Balance

(4 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin's price has declined as results from US midterm elections indicate a shift in Washington's political balance. The changing composition of Congress could affect the trajectory of crypto-related legislation and regulatory policy that had been pursued under the Trump administration.

WHY IT MATTERS

In the United States, Congress — the group of elected lawmakers — plays a major role in writing the rules that govern how cryptocurrencies can be used, traded, and taxed.

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SOURCES

  • cryptonews.com

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BTCUS Midterm ElectionsCrypto RegulationPolitical RiskBitcoin Price