Washington just flipped on crypto — and I'm watching the bill that matters most.
The Associated Press has called the US Senate for the Democrats, with Josh Turek's Iowa win delivering the 51st seat. Flips in Texas, Ohio, North Carolina, South Carolina and Kansas sealed it, and networks project Democrats take the House — though the AP had not yet called the House.
For crypto, the chairs change everything. Elizabeth Warren is in line for Senate Banking, Maxine Waters for House Financial Services, and the industry's $63 million campaign to stop Sherrod Brown's Ohio comeback failed. The CLARITY Act, which stalled in the Senate in September, faces a harder path before it lapses in January — while agency rulemaking at the SEC and CFTC continues regardless.
The tape isn't panicking: $BTC near $77,897 (+1.5%/24h) and $ETH near $2,298 (+2.1%) on Binance spot. A new Congress, not a new law. Which matters more for crypto's next two years: Congress, or the agencies? NFA, DYOR. #CryptoNews #Midterms #CLARITYAct
The Associated Press has called the US Senate for the Democrats, with Josh Turek's Iowa win delivering the 51st seat. Flips in Texas, Ohio, North Carolina, South Carolina and Kansas sealed it, and networks project Democrats take the House — though the AP had not yet called the House.
For crypto, the chairs change everything. Elizabeth Warren is in line for Senate Banking, Maxine Waters for House Financial Services, and the industry's $63 million campaign to stop Sherrod Brown's Ohio comeback failed. The CLARITY Act, which stalled in the Senate in September, faces a harder path before it lapses in January — while agency rulemaking at the SEC and CFTC continues regardless.
The tape isn't panicking: $BTC near $77,897 (+1.5%/24h) and $ETH near $2,298 (+2.1%) on Binance spot. A new Congress, not a new law. Which matters more for crypto's next two years: Congress, or the agencies? NFA, DYOR. #CryptoNews #Midterms #CLARITYAct