Democrats won the US House and Senate, the Associated Press reported, leaving the current text of the crypto market-structure bill with only the weeks left in this Congress. AP said voters handed Democrats both chambers. Cointelegraph, using AP calls, said the Senate majority locked in when Josh Turek won Iowa, and that Rep. Hakeem Jeffries is in line to become Speaker. The House had been in Republican hands since 2023. Counts were still moving on Wednesday morning. Cointelegraph listed 54 Senate seats for Democrats and 43 for Republicans, and 225 House seats for Democrats against 136 for Republicans. CNBC's election desk projected at least 245 House seats for Democrats. These are media tallies. Certification comes later.
The September 49-50 vote still stands until January
President Trump told CBS, in a comment carried by Cointelegraph, "My message is congratulations to the Democrats, and I look forward to working with you for the good of our country." The Senate rejected CLARITY Act cloture 49-50 on 15 September, short of 60 votes. That vote is in the September regulation note. Coindoo, citing the roll call, said every yes vote was Republican. The 50 no votes were 44 Democrats, two independents, and Republicans Susan Collins, Josh Hawley, Jerry Moran and Thom Tillis. Chris Coons did not vote. Tillis filed a motion to reconsider, so another vote is possible before this Congress ends. Unpassed bills must be reintroduced when the next Congress convenes on 3 January. Senators who lost on Tuesday keep their seats until then, so a lame-duck revote is still the chamber that produced 49-50. It would still need 11 more yes votes.
Committee chairs come next, and no assignments are made
The January count is harder for the current text. Jon Husted, a September yes vote, lost Ohio to Sherrod Brown. Coindoo said Roger Marshall's Kansas seat and the Iowa seat Joni Ernst left open also went to Democrats. Cointelegraph noted that Fairshake and the Digital Freedom Fund spent heavily for Husted, and that Stand With Crypto rates Brown as strongly opposed to the industry. Elizabeth Warren, the Banking Committee's top Democrat, argued before the September vote that the ethics language could not be enforced against the president. No committee assignments have been made. Mark Warner, reelected in Virginia, said he voted no because Congress could not pass the bill "while allowing the President of the United States to personally profit from it." Jerome de Tychey of Ethereum France told Cointelegraph that nothing will pass without support from both parties. Maylea Ma of 1inch said she expects the SEC, the CFTC and Treasury to drive the next phase of US crypto rules. Other calls Cointelegraph reported: James Talarico won Texas, Troy Jackson beat Collins in Maine, Pete Ricketts held Nebraska, and Annie Andrews won South Carolina. Bitcoin's bounce toward $78,300 is in today's market note. Read the bill's next steps on the regulation desk.