The Republican Party has retained control of the U.S. House of Representatives for the next two years, raising expectations for substantial crypto legislation in the upcoming Congress.

Having already secured the White House with Donald Trump's re-election, Republicans also flipped several Senate seats last week's elections. The Associated Press indicated that the party garnered at least 218 seats by late Wednesday.

The House has been pivotal in advancing numerous crypto-related bills, especially in the previous year. Republicans previously held a narrow majority, but it was anticipated that Democrats would take control following this election.

However, a turning point came with the election of Juan Ciscomani in Arizona, enabling Republicans to re-establish sufficient seats. Current trends suggest they may achieve up to 222 seats. Despite the losses of a few representatives due to Trump's new appointments to the executive branch—names like Matt Gaetz, Elise Stefanik, and Mike Waltz—Republicans are poised for continued influence in the House.

The Fairshake political action committee backed nearly 60 candidates, significantly boosting their success in the 2024 election. While some candidates faced defeats, especially in Colorado and California, the majority of their targeted candidates won.

A significant fresh face in Republican politics, Bernie Moreno captured the Senate seat in Ohio, defeating incumbent Sherrod Brown, largely thanks to Fairshake's support.

Retiring Representative Patrick McHenry led key efforts in cryptocurrency legislation, such as advocating for the FIT21, aimed at refining the regulatory environment for crypto assets.

California's Maxine Waters is working on a stablecoin bill alongside McHenry, although the timeline for its introduction remains uncertain.

The previous legislation regarding the Securities and Exchange Commission’s directives could see renewed focus as the new House session begins.