[Galaxy Warns of Limited Progress in Key Digital Asset Legislation; Congressional Swing May Stall Policy Progress] Odaily Planet Daily reports that Galaxy Research released an assessment report on the US midterm elections, warning that the crypto industry may face stricter congressional oversight after the Democrats win both the Senate and the House of Representatives, especially with Elizabeth Warren becoming chair of the Senate Banking Committee and Maxine Waters leading the House Financial Services Committee. Galaxy Research Director Alex Thorn predicts that progress on key digital asset legislation in the US Congress may stall, stating that he does not expect Congress to make substantial progress on important digital asset legislation. However, the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and banking regulators can still continue to develop and clarify crypto asset regulatory rules under existing legal authorization. (NewsBitcoin)