The Daily Wolf | Crypto's easy years in Washington just ended

From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. Democrats took both chambers, and Elizabeth Warren is now in line to chair Senate Banking with Maxine Waters at House Financial Services. Scott Melker walks through what the crypto industry got for roughly $176 million, including Sherrod Brown returning to Ohio's Senate seat after about $63 million was spent against him. The SEC staff called Canton Coin a digital commodity in a no-action letter. The CFTC cleared perpetual futures on single stocks, and Cboe and Citadel Securities backed a lawsuit against it the same day. Block agreed in principle to a $764 million money laundering settlement. Timestamps0:00 Democrats take both chambers and Warren is in line for Senate Banking2:07 Crypto spent about $63 million in Ohio and Sherrod Brown won anyway3:28 Elon Musk's candidates lose in Texas, including the Bitcoin reserve4:16 Why the Clarity Act is finished and what replaces it6:28 Bitcoin keeps mining blocks regardless of who holds Congress7:45 The SEC calls Canton Coin a digital commodity in a no-action letter9:05 The CFTC clears single stock perpetual futures, and Cboe and Citadel sue10:54 Block agrees in principle to a $764 million money laundering settlement11:49 A French bank is hacked and the proceeds move through crypto13:35 How Binance's attackers got in, from its own incident report #ElizabethWarren #Crypto #Bitcoin #SEC #Midterms #DailyWolf #YahooFinance Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices