State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.

The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals.

The organization’s endorsements in the House and Senate came as many polls showed Democrats favored to regain control of both chambers in 2027.

Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 “absorbed the financial impact of the incident“ that resulted in $388 million in user losses.