bitcoin
7 Things Democrats Could Mean for Bitcoin and Crypto
Crypto spent $195.8 million in 2024 to win a friendlier US Congress.
On Tuesday, voters handed both chambers to Democrats, and the man the industry spent $40 million to defeat is coming back. That reaches well beyond crypto wallets. Bitcoin holders, crypto stock investors, and every exchange operating in America are waiting on one thing.
It is a federal law that says who regulates crypto, and the odds of getting it just fell. Every crypto bill now needs Democrats. Democrats took Republican-held Senate seats in Texas, Kansas, Iowa, and Ohio, according to PBS.
The new Congress takes its seats in January. Ohio is the one crypto will feel. Sherrod Brown, a former Senate Banking Committee chair and long-time industry critic, won back a seat.
Two years ago, the crypto industry spent $40 million on ads attacking him, and he lost. The crypto lobby has now spent about $95 million on one guy. $40 million to beat Sherrod Brown in 2024. More than $55 million this year to stop his comeback.
Brown is going back to the Senate. Expensive lesson. — The Wolf Of All Streets (@scottmelker) November 4, 2026 2.
