Democrats Projected to Win House and Senate, Reshaping Crypto Policy

Democrats are projected to control both chambers of Congress after the Nov. 3 midterms, putting a new majority in charge of congressional crypto legislation when lawmakers convene in January. Current projections put Democrats above 218 seats, the threshold for a House majority, and at least 54 seats in the 100-member Senate. State certifications remain pending, so the totals are not final. The shift follows a failed effort to advance the Digital Asset Market Clarity Act. On Sept. 15, the Senate voted 49-50 against invoking cloture on a motion to proceed to H.R. 3633, preventing the bill from reaching debate.