Democrats Win Congress, Crypto Faces Trump Probes and a $60 Million Ohio Loss

TLDR Democrats won control of both the House and Senate, and the new Congress takes office in January. Rep. Robert Garcia told the Trump family to “lawyer up” as Democrats plan oversight probes. TD Cowen expects Democrats to investigate Trump-family-run World Liberty Financial. Pro-crypto PACs reportedly spent over $60 million in Ohio, but Sherrod Brown still won. TD Cowen says the Clarity Act is unlikely to advance in the next two years. Democrats won control of both the House and Senate on Tuesday, ending two years of a friendly climate for crypto in Washington.