The two major financial regulatory agencies in the United States are fully controlled by the Republican Party, ushering in a new regulatory environment for the crypto industry.

【Crypto World】 Recently, the landscape of financial regulation in the United States has undergone changes. With the resignation of a Democratic commissioner, the U.S. Securities and Exchange Commission (SEC) is now entirely composed of Republican commissioners, including several who openly support the development of cryptocurrencies. A similar situation has occurred with the U.S. Commodity Futures Trading Commission (CFTC)—the agency overseeing the futures market has appointed a new chairperson, also from a Republican background.

Both of these key regulatory agencies now lack checks and balances from both the Democratic and Republican parties. This should ideally facilitate smoother progress of industry-friendly policies, but the reality is more complex. When the Senate discusses cryptocurrency-related legislation, this single-party dominance has sparked considerable controversy. Interestingly, these agencies, when promoting initiatives beneficial to the industry, seem to pay little attention to the bills still under discussion in Congress. The disconnect between regulatory authority and legislative power has become an intriguing phenomenon in the policymaking process for the crypto industry.