Democrats Sweep US Midterms as Bitcoin Falls Below $77k

Democrats won majorities in both congressional chambers in the U.S. midterms, with projected results giving them 51 Senate seats and 244 House seats, while Republicans held 191 House seats. Bitcoin fell to $76,700 after the result. Senate control includes Democrat Roy Cooper winning a North Carolina seat previously held by Republican Thom Tillis, one of few Republicans who opposed the Clarity Act in September. Democrats had unanimously blocked that bill, which aimed to set crypto operating standards and divide crypto assets between securities and commodities. Robert Garcia is set to chair House Oversight and has said he wants to investigate Trump family cryptocurrency ventures.