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New Congress likely to scrutinize Trump's crypto dealings, stalling pro-crypto legislation like the Clarity Act.

Market News
05 Nov 2026, 16:27 WIB
CNBC
View Source
Bearish
New Congress likely to scrutinize Trump's crypto dealings, stalling pro-crypto legislation like the Clarity Act.

The newly elected Congress, dominated by Democrats, is expected to take a tougher stance on cryptocurrency, focusing on investigating President Trump's personal crypto activities rather than advancing industry-friendly laws such as the Clarity Act. This shift could delay key crypto legislation until 2028, affecting priorities like stablecoins, DeFi, banking access, and tokenization, which are crucial for U.S. competitiveness in the global crypto market. Despite this, bipartisan support for crypto remains, with many pro-crypto lawmakers entering Congress and recent stablecoin legislation showing progress. The industry anticipates continued regulatory engagement and technological advancement regardless of political changes.

The Democratic sweep in the U.S. Congress sets a challenging environment for crypto regulation. For readers following U.S. stock markets, here is Pluang's market snapshot as of Nov 05, 2026 20:52 WIB: Of 150 priced US stocks tradable on Pluang, 95 rose and 52 fell today. Notable movers include AMD at USD 459.04 with a 1-day change of -6.08% and a typical hold time of 93 days, AMCR at USD 45.66 down 5.86% with 100% sell order activity, and BABA at USD 111.20 up 5.58% with 59% sell order activity.

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