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victor

Trump's control over Congress begins to loosen, with a major victory for the Democrats in the midterm election battlegrounds

The Democratic Party won the gubernatorial elections in Virginia and New Jersey on Tuesday, regaining political momentum. Voter unease over the economic situation during Trump's second term may pave the way for the Democrats to gain control of Congress next year. Abigail Spanberger's easy victory in the Virginia gubernatorial race, along with Mikie Sherrill's win in New Jersey, constitutes the most significant electoral victories for the Democrats since Trump returned to the White House. Polls from the Associated Press in Virginia and New Jersey show that about 60% of respondents feel "angry" or "dissatisfied" with the current state of the country, while only one-third express "enthusiasm" or "satisfaction." CNN polls indicate that more than half of voters intend to send a message to Trump with their ballots."Off-year" elections serve as both a referendum and a political barometer, as well as a roadmap for the future. The American public's re-evaluation of Trump's performance in office also concerns the future viability of his policy agenda. As the voting takes place, the U.S. government shutdown has entered its sixth week, setting a record for the longest shutdown in U.S. history. Trump's efforts to cut federal spending have left hundreds of thousands of workers idle and hindered the release of economic data.

The U.S. House of Representatives will vote on the GENIUS Act next week, and Trump is expected to achieve his first major legislative victory in cryptocurrency policy

ChainCatcher news, according to Politico, Trump is expected to achieve his first significant legislative victory in cryptocurrency policy next week. House Republicans are preparing to pass a bill previously submitted by the Senate to establish new regulatory rules for stablecoins.The U.S. House of Representatives is expected to vote on the Senate's proposed "GENIUS Act" early next week. The bill aims to create the first regulatory framework in the U.S. for so-called "stablecoins" pegged to the dollar. The bill was passed in the Senate last month with bipartisan support and is poised to become the first major cryptocurrency regulatory measure adopted by the U.S. Congress.Trump's signing of this stablecoin bill could provide a significant boost to the cryptocurrency industry, which has long struggled to enter the mainstream. Cryptocurrency supporters hope that the U.S. government's endorsement, along with the customized regulatory framework they have actively lobbied for over the years, will enhance the legitimacy of cryptocurrencies, promote their adoption, and open the door for traditional financial institutions to further engage with digital assets.This legislation may also bring benefits to the Trump family itself: his sons founded a stablecoin issuance company last year.
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