Bitcoin 
$91,356.83 We presented detailed analyzes on the fundamental, technical, economic and many other reasons for the decline in price. You can get comprehensive information about them by consulting the search section and reviewing the latest articles. The issue we will discuss now is about reasons on both the regulatory and political side. And their share in the decline cannot be underestimated.
Decline in Cryptocurrencies and Laws
We are trying to cover every aspect of the decline so that you can look at the markets as broadly as possible. What we will talk about now is mostly about political and legal regulations. As you know, the USA is going to midterm elections in 2026 and there is an obvious risk that Republicans will lose their majority in the Senate and the House of Representatives. trump It must gain public support through monetary expansion because support has decreased.
At the time of writing BTC It fell below yesterday’s bottom, falling to $89,140, meaning the local bottom will be pulled down. This indicates the risk of acceleration of sales with the loss of 88 thousand dollars. Going right back to our topic, the calendar for the cryptocurrency law has been postponed to next year.
What does this mean? There will be a tight parliamentary calendar due to the by-elections to be held next year. cryptocurrency laws The possibility that the talks, which will continue for months, will be completed in time for the midterm elections is decreasing. So the new laws expected after GENIUS are in some danger.
Senate Banking Committee Chairman Scott’s team released the timeline for the crypto market structure the other day. In the television program he attended, Scott said:
“We believe that by the end of this year, next month, we can get it to a vote in both committees and introduce it to the Senate early next year so President Trump can sign legislation making America the crypto capital of the world.”
However, his statement today said that Democrats were disrupting this goal.
“Democrats keep stalling because they don’t want President Trump to turn America into the crypto capital of the world.”
Crypto market structure It is hoped that the Senate will vote on the regulation at the beginning of 2026. His statement today was in this direction. Previously, Scott had said the bill would be approved by August, then September 30th. Now, things have gotten even more complicated as the shutdown intervened and the Democrats started the debates that I will talk about in the second part.
Political Blow to Cryptocurrencies
of krypton SBF, seen as its golden child, had too many Democrat friends. He was welcomed very well at the Congress, and due to his family’s political connections, we had to listen to his ridiculous regulation suggestions for a long time. Then he was exposed as a fraud, and this time the Democrats (their friends) raged against crypto for SBF’s fraud. It even went so far as to voice the idea in Congress that all the evil in the world is financed by crypto.
At this point today, Trump’s close relationship with crypto is on the Democrats’ agenda. Maxine Waters from the Democratic Party said in her last statement;
“These bills expose Congress to Trump’s unprecedented to crypto scams partners will do it. “This fraud made Trump himself, his family, and his cabinet richer.”
So, is the political blow that crypto has received these days limited to these? Of course not. Senators Elizabeth Warren and Jack Reed have called for an investigation. They are taking this step for Trump’s crypto company. Senators are staunch crypto haters, demanding that the US Department of Justice and the Treasury Department investigate Trump-backed crypto company World Liberty Financial.
So what are their claims? They argue that the company may be linked to illegal actors in North Korea and Russia and that it lacks security measures to prevent malicious actors from influencing the company. From where? Because WLFI token He collected capital from everyone during the sales process. Senators say the company received exactly $10,000 from dubious entities with ties to North Korea, Iran and Tornado Cash, a known money laundering service. In return, 600 thousand to these wallets. WLFI token transferred. The bullshit is right here. Crypto detective ZachXBT wrote about this nonsense:
“Let’s do some math. $550 million was raised in the World Liberty Financial token sale. Warren & Reed claims $10,000 was raised from illegal sources. This is only 0.0018% of the token sale.
Warren has previously claimed to be Native American. Test results estimate that he is only 0.195% Native American. At least he is consistent in falsely stating that it is statistically significant. (For disclosure, I have no shares in WLFI/did not invest in the token sale.)”
In his ongoing speech, Trump says he wants to fire Powell and describes her as a terrible person.
BTC fell to its lowest level in 7 months. ETH is at $2,900.
