Once members of the GOP (Republican Party) gain a majority in the House of Representatives, the party is expected to control the entire government in total. This control is further strengthened as they gain the majority in the Senate and Donald Trump wins the presidential election.

At 12:13 UTC on November 12, Decision Desk HQ predicted the re-election of Juan Ciscomani, representative of Arizona’s 6th district, and announced that Republicans would win the House of Representatives with the 218 seats necessary to gain a majority.

However, there are still eight seats waiting to be finalized. Currently, Republicans are ahead in Alaska’s single seat and three California precincts, while Democrats hold the upper hand in other districts. This allowed Republicans to take the first step in which they began to fully control the government.

Before the new Congress and White House are sworn into office in January 2025, Republicans’ control of both houses of government means they will regain full control of the government they gained in the middle of Trump’s final term in 2019.

This could lead to Republicans having an opportunity to influence regulations in the crypto space. Because two important crypto laws currently supported by Republicans are stuck in Congress, and the future of these laws may change as Republicans take control of Congress.

The first, the Financial Innovation and 21st Century Technology Act (FIT21), was passed by the House of Representatives in May but has struggled to advance in the Democrat-controlled Senate.

This law aimed to pave the way for financial innovation and provide a clear framework for cryptocurrency regulations. On the other hand, the stablecoin law called Clarity for Payment Stablecoins Act is also blocked in the House of Representatives. If these bills are not taken up in the interim Congressional session, they may have a chance to move forward with the new Congress.

The new Congress is expected to pay more attention to cryptocurrency laws. The Kobeissi Letter announced that 50 of 58 Congressional candidates supported by pro-crypto political action committees (PACs) had won.

According to the Politico report published in October, the victory of these candidates shows that cryptocurrency policies will be more accepted in the coming period. This reveals that crypto has a stronger impact on elections than ever before.

“Never in history has crypto had such a strong electoral impact,” The Kobeissi Letter commented, “This is an incomparable impact.” The impact of cryptocurrencies on elections is now more important not only for cryptocurrency investors but also for government policies and regulations. This is considered an exciting development for the future of cryptocurrencies.

Republicans taking full control of the government could be a major turning point for the cryptocurrency world. In particular, the revisiting and potential adoption of two major crypto laws could mean more regulation and opportunity in the crypto world.