Galaxy Expects Little Progress on Crypto Legislation After Midterm Election

Galaxy research expects little substantive progress on key crypto legislation after Democrats won control of both chambers in the midterm election. It also says executive regulators can continue clarifying crypto rules within their existing statutory authority. Bitcoin (BTC) did not sustain its post-election rebound. The market analysis examines downside risks and rebound conditions, including three Bitcoin price levels, potential bottom signals and whale long and short positions added after the election. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.