Republicans Win House Majority, Clearing the Way for Crypto Legislation

Republicans will remain in control of the House of Representatives, multiple media outlets projected Wednesday, November 13. The move effectively secures a unified government under President-elect Donald Trump following the 2024 U.S. presidential election.
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Pennsylvania House Introduces Bill to Hold Bitcoin as Reserve Asset on State Balance Sheet

Pennsylvania State Representative Mike Cabell has introduced a bill in the keystone state’s House of Representatives which would see up to 10 percent of the state’s funds comprised of Bitcoin, reports emerged Thursday, November 14. The move comes as the Satoshi Nakamoto-created token’s value soared to new heights this week, surpassing $93,000 on Wednesday.
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Howard Lutnick Fighting for Donald Trump Treasury Secretary pick over Scott Bessent: Fox Business

Pro-crypto U.S. Treasury Secretary hopeful Scott Bessent is allegedly facing headwinds from Cantor Fitzgerald CEO Howard Lutnick as he attempts to clinch the highly coveted position in President-elect Donald Trump’s Cabinet, a Wednesday report from Fox Business reveals. Bessent is currently favored over Lutnick by Polymarket bettors 65 percent to 31 percent.
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