COINDESK · 2026-11-04 04:55 UTC

Democrats surge toward Senate, House majorities, with crypto braced for new direction

Democrats projected to gain control of Senate and House in midterm elections, with crypto-critical Senator Sherrod Brown winning in Ohio despite $63 million in crypto industry spending against him. Crypto industry's massive election spending backing Republicans largely failed as Democrats surged in multiple races, shifting legislative control away from Trump administration's crypto-friendly stance. Senator Elizabeth Warren likely to chair Senate Banking Committee; Democrats in negotiations previously sought stronger controls on illicit finance, limits on government officials in crypto, and…

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