US midterm elections threaten a less welcoming environment for crypto as Democrats gain

Democrats are projected to win both chambers of Congress after the November 3, 2026 US midterm elections, leaving the crypto industry facing a less supportive legislative agenda despite heavy campaign spending. In Ohio, Sherrod Brown won his return to the Senate after the sector spent $63 million trying to defeat him. Key takeaways Democrats are projected to control the Senate and House next year. Crypto’s $63 million effort against Sherrod Brown failed. Elizabeth Warren is expected to lead the Senate Banking Committee. The House retains bipartisan support for digital asset legislation. Democrats gain ground across Congress Democratic victories in traditionally Republican states put the party on course to control Congress’s legislative agenda. Senate gains stretched across Texas, North Carolina, Kansas, Iowa and South Carolina .

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