According to CoinMeta, Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, stated that after the Democrats take control of Congress next January, they may introduce their own legislation and challenge Trump to sign it. He pointed out that the Democrats could rewrite the regulatory framework for the crypto market to align with their priorities and present it to the White House. Giancarlo mentioned that the Democrats might position themselves as supporters of crypto regulation while pressing Trump to approve legislation drafted by them. He expects that Democratic opposition will focus more on Trump's and his family's ties to cryptocurrencies rather than trying to hinder the industry's development. The existing legislation failed to pass in September, and Giancarlo warned that the Democratic proposals could differ significantly from the current laws, as legislators may attach unrelated policy priorities during negotiations.