Rep. Bill Huizenga, the House Financial Services Committee’s vice chair, lost his reelection bid to Democrat Sean McCann in Michigan’s 4th Congressional District. Despite about $1 million in support from Fairshake, McCann led 50.1% to 48.3%, a margin of roughly 7,000 votes. Huizenga became the highest-ranking Republican on the committee to lose, while fellow committee members Bryan Steil, Ann Wagner and Zach Nunn also lost their seats. Their defeats give Democrats control of the chamber and weaken the Republican bloc that shaped cryptocurrency legislation, although Bitcoin rallied after the Democratic sweep.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
