Democrats map out an agenda to address affordability and corruption after midterm sweep

Following their control of Congress, Democrats are preparing to pursue legislation aimed at addressing affordability and attempting to rein in President Donald Trump, according to CNBC.

The cryptocurrency industry's approximately $200 million election spending spree saw several setbacks. While the industry won most targeted races, Channel News Asia and CNA - Business report that high-profile targets were not met. The most significant loss occurred in Ohio, where Democrat Sherrod Brown won his Senate re-election despite crypto political action committees spending over $60 million to defeat him.

Strategists viewed the Ohio race as a test of political clout for the industry following a September Senate vote that blocked the Clarity Act due to Democratic opposition. Jaret Seiberg, an analyst with TD Cowe, stated that progressive Democratic primary candidates successfully attacked opponents regarding their crypto ties, which may be souring the political environment for the industry.

Brief written by urgent.news from CNBC, Channel News Asia, CNA - Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.