Bitcoin Sits on Its 200-Day Average as Democrats Close In on Both Chambers of Congress: Is the Crypto Market Structure Bill Out of Time?

Bitcoin (BTC) traded near $76,900 on Tuesday, November 3, as Americans voted in midterms that Polymarket traders see Democrats sweeping, 76.5% for the Senate and 94.5% for the House, a result that could push crypto’s market structure law to 2027 or later. The industry spent big to stop that. Crypto-linked groups have put more than $200 million into this cycle. Yet the bill they most wanted, the CLARITY Act, is still stuck in the Senate, seven weeks after a 49-50 vote left it 11 votes short. Now the clock is the problem.