Democrats have a 64% chance of controlling the US Senate according to source Kalshi. The author, a former governor of New York, compares the current political situation to 1994 when the Republican Party took control of Congress under the Clinton administration, leading to intensified oversight and constraints on the executive. Congress has several tools to control the executive branch, including the Congressional Review Act, funding limitations and investigations with subpoenas. Unlike the United States, Europe and Singapore have established clear regulatory frameworks for crypto-assets with MiCA and the Payment Services Act. The author calls for bipartisan legislation allowing companies to invest with regulatory certainty in the United States.
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