# Crypto Holds Steady as Democrats Sweep Congress

*Author: David Christopher*
*Published: Nov 4, 2026*
*Source: https://www.bankless.com/read/news/crypto-holds-steady-as-democrats-sweep-congress*

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Democrats [won control](https://apnews.com/article/midterm-elections-democrats-republicans-trump-b1d26390b7ed7968435089be6d3bf612) of both the House and Senate in Tuesday's midterms, and crypto took it in stride: bitcoin [briefly sank](https://www.coindesk.com/markets/2026/11/04/bitcoin-briefly-sinks-to-usd75-700-as-bets-on-a-democratic-sweep-rattle-markets) to ~$75.7K overnight before [recovering](https://www.coingecko.com/en/coins/bitcoin) to ~$79.3K, up ~2.7% on the day. 

## What's the Scoop?

- **The Results:** Democrats [flipped](https://apnews.com/article/midterm-elections-democrats-republicans-trump-b1d26390b7ed7968435089be6d3bf612) at least seven Senate seats, including Texas, Ohio and Kansas, with races in Alaska and Mississippi still uncalled. 

- **The Markets:** ETH [rose](https://www.coingecko.com/en/coins/ethereum) ~4% to ~$2,377 and SOL [added](https://www.coingecko.com/en/coins/solana) ~2% to ~$95, in line with our expectation that the “blue wave” [was already priced in](https://www.bankless.com/read/crypto-after-the-midterms-investigations-not-legislation). 

- **The Policy:** Democrats now hold leverage over the stalled CLARITY Act, the bill that would set rules for US crypto markets, and [plan](https://news.bloomberglaw.com/banking-law/democrats-aim-for-major-changes-to-clarity-act-with-election-win) tougher ethics rules aimed at Trump's crypto ventures. For more on what's next, read our [analysis](https://www.bankless.com/read/crypto-after-the-midterms-investigations-not-legislation). 

[Crypto After the Midterms: Investigations, Not Legislation? on BanklessCrypto is heading into Election Day after absorbing the largest hack in its history, and with another major uncertainty looming over markets.Bankless![](https://cdn.bankless.com/openGraph/crypto-after-the-midterms-investigations-not-legislation-1793734713.png)](https://www.bankless.com/read/crypto-after-the-midterms-investigations-not-legislation)
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