Prop firm news

Democrats in Congress want to give crypto regulation to the SEC and cut the CFTC's role

On November 4, journalist Eleanor Terrett reported that the US House of Representatives is discussing a new crypto market structure bill. It expands the powers of the SEC (US Securities and Exchange Commission) and reduces the role of the CFTC (Commodity Futures Trading Commission), which the Republican version assigned to it.

Chuck Schumer announces end of war with Iran: oil price falls 6%

US Senate Democratic leader Chuck Schumer said on the evening of November 4 that the war against Iran must end and that some Republicans have joined the Democrats on this issue. On that headline, oil fell by about 6%.

Both chambers of Congress go to the Democrats: the cryptocurrency law in the US fades into uncertainty

In the midterm elections on November 3, 2026, the Democrats gain control of the House of Representatives and the Senate. The key crypto market structure bill - the CLARITY Act - loses its chances of being passed in its previous form.