The recent political situation has caused significant variables in cryptocurrency market policies. According to polling agency data, the Democratic Party has an almost 80% chance of winning the House of Representatives in the upcoming November midterm elections, while the Republican Party has a 67% chance of retaining control of the Senate. This shift could directly impact the subsequent development of crypto regulation.

Against this political backdrop, the Republican-led Crypto Market Structure Act has become a focal point of controversy. This highly anticipated legislation will be voted on again next Thursday. If the House changes hands, such crypto-friendly legislation may face greater resistance or even be shelved.

According to polls, current political support is also changing. Voters are generally concerned about rising living costs, and this shift in public sentiment is directly reflected in voting tendencies. Additionally, increasing disagreements among lawmakers on certain controversial issues have made the overall political landscape more complex.

What does this mean? If the legislative balance tips, the crypto industry may need to readjust its relationship with the new administration. Whether policy progress can be achieved within the current window will likely determine the direction of crypto policies over the next two years. In other words, the outcome of this November's election is of great significance to the compliance progress and policy framework construction of the entire Web3 ecosystem.