Democrats Win Congress, Leaving the Crypto Market-Structure Bill in Limbo Until January

Democrats won both chambers in Tuesday's midterms, leaving the CLARITY Act's path uncertain; Bitcoin dipped to about $75,600 overnight and recovered. Democrats won control of both chambers of Congress in Tuesday’s midterm elections, according to projections from CBS, NBC, CNBC and the Associated Press, and the result leaves the crypto industry’s main market-structure bill, the CLARITY Act, with an uncertain path before the current Congress ends. Counting is continuing and some Senate races were uncalled on Wednesday morning, so the final seat totals are not yet known.