If Democrats win Congress, investigations may begin in crypto: Reuters news

After his presidential election victory in 2024, the Donald Trump administration, which took extreme steps on almost every issue, was sometimes harshly criticized and sometimes praised by the crypto world. A new critical period is beginning for Trump, who has almost overthrown the reputation of crypto markets with the meme coin projects he initiated for himself and his wife, as well as enacting laws in favor of crypto.

“Pressure could increase significantly”

According to the news published by Reuters today, Democrats are in an advantageous position regarding the Congressional elections on November 3. Also in the news; It was also written that a Democrat victory in the election could seriously increase the political pressure on cryptocurrency companies and Wall Street banks.

“Even SEC executives can be questioned”

According to the news, if Democrats win the majority in Congress, there is a high probability that official investigations against crypto companies will begin... Democrats are also expected to call crypto company executives to Congress and demand that they testify. It was stated that even the executives of the US Securities and Exchange Commission (SEC), which has taken dozens of pro-crypto steps recently, may be questioned.

“Trump family's crypto connections will be investigated”

When it comes to crypto investigations, it is impossible to exclude Trump. Reuters wrote that one of the issues that Democrats particularly focus on is Trump and his family's financial relationships with crypto companies.

Democratic Congress member Ro Khanna, who has made statements on the subject many times before, said that the family's crypto transactions should be examined and whether national security was endangered.

“Anti-crypto figure may head Financial Services Committee”

Reuters also mentioned the possibility of Congressman Sean Casten, who is known to be anti-crypto, to become the head of the House Financial Services Committee after the possible victory of the Democrats.

Of course, the realization of all these situations will seriously increase the regulatory uncertainties in the crypto world.