With the U.S. House of Representatives and U.S. Senate divided by razor-thin margins, many are pondering what, if anything, they can accomplish in the new Congress. Yes, it's true that House and Senate leadership will struggle to pass all but the most milquetoast of legislation, with the possible exception of legislation to regulate cryptocurrencies. And it's true that many of the bills that pass one chamber will not receive the blessing of the other half. However, that doesn't mean the legislature can't enact meaningful change for the American people. It just means that federal representatives will need to work hard to find more opportunities.
Given the current news cycle, which remains transfixed on collapsed cryptocurrency exchange FTX, Congress should find exploring more bipartisan, gridlock-preventing avenues easier than ever before. It should start this process by finding consensus reform solutions to protect Americans’ savings from another FTX scandal.
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