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.