Blue wave on the Capitol. NBC News projects a double Democratic victory in the House and Senate overnight. The previous day's polls judged this scenario possible without daring to promise it. The 5:28 a.m. (Paris time) count gave 51 Democratic seats to 39 Republicans in the Senate. Six of them were taken from the Trump camp. Bitcoin reacted before the television channels. It is trading around $76,600 this morning and lost 1.6% during the count.
The CLARITY Act will not survive the midterm Congress
Let's start with the text that the industry has been waiting for two years. The CLARITY Act, the law supposed to divide the supervision of cryptos between the SEC and the CFTC, passed the House by 294 votes to 134 in July 2025. In the Senate, it stumbled on September 15 on a procedural vote of 49 to 50, far from the 60 votes necessary. It expires with the legislature on January 3.
The new balance of power completes the case. Elizabeth Warren, an outspoken opponent of the text since May, is in a position to chair the Senate Banking Committee. Maxine Waters is favored to chair financial services in the House, despite the candidacy of Sean Casten. Sherrod Brown defeats incumbent Jon Husted in Ohio despite $30 million spent against him by the Fairshake PAC, The Block reports. Brown could take the Agriculture committee, on which crypto files and prediction markets depend. Stand With Crypto gives it an F rating. At TD Cowen, analyst Jaret Seiberg no longer expects adoption of the CLARITY Act âin the next two years,â according to a note cited by CryptoTicker.
Oversight Commission warns Trump family, âget a lawyerâ
Second consequence, and the most personal for the White House. Robert Garcia, future chairman of the House Oversight Committee, published two words about X in the evening. âLawyer upâ, get a lawyer. Fortune names World Liberty Financial as its first likely target. The Trump family company sold a $500 million stake to an Emirati investor last year and is seeking a national banking charter from the federal regulator. The president's crypto income exceeds $1 billion according to the same article.
Garcia promises âday oneâ subpoenas for administration officials, and Fortune expects the first investigations as early as February. The president is directly targeting private entities linked to the family to bypass the White House. Donald Trump warned on Fox on November 1: âI will probably become Mr. Veto. » His reaction of the night on Truth Social is contained in one sentence, in capital letters. He was not on the ballot, and if he had been, âwe would have won hands down.â
Bitcoin at $76,600, the market voted before the polls
Third effect, the most visible on your screens. Bitcoin did not wait for the projections. It was priced at $77,877 at 12:35 a.m. Paris time, $76,609 five hours later. US spot Bitcoin ETFs lost another $398.6 million on Monday according to data from SoSoValue, the second outing session in a row. The Fear & Greed index remains in the fear zone.
Traders had anticipated. On Polymarket, Democrats had a 76.5% chance of taking back the Senate on Monday. At 5:28 a.m., the scan of both rooms was 99.8%. The 200-day exponential moving average rises to $76,500 and the price is playing on it this morning. Below that, support lies near $75,000. Resistance lies at the 50-day EMA at $80,117. Without a text before January 3, everything starts from scratch in 2027, and the next appointments to the SEC as well as to the CFTC will have to obtain Democratic votes in the Senate.
