The Democrats took back the Senate. In the days before the vote, Kalshi and Polymarket priced in a 75% chance of a Democratic sweep—and it came true. The path forward for the CLARITY Act will have to be redrawn, with new committee chairs and the Trump family’s crypto business facing closer scrutiny. I’m watching this not because I care who wins, but because when a change in the majority party means a bill’s votes have to be counted all over again, the cost of that delay ultimately gets baked into blockchain projects’ compliance budgets. While looking through the data, I also noticed that RUNE was up 13% in 24 hours. After a refund bug, THORChain restored swaps across networks including Bitcoin and Ethereum, while three other chains remain halted. The market was far more excited about a swap coming back online than it was about Washington’s reaction. $BTC $RUNE