Bitcoin Rebounds After Democratic Midterm Sweep; Crypto Faces Tougher Washington Fight

The rebound suggests markets had already priced in a divided or Republican-friendly outcome, so the relief may be less about policy optimism than about uncertainty clearing. The real signal is structural: a stalled market structure bill and the industry's heavy campaign spending both show how much crypto's legislative prospects now hinge on which party holds power. That dependence cuts both ways, and it makes the sector's Washington strategy a political exposure rather than a buffer. Whether the stalled bill finds new momentum under the incoming Congress is the open question worth tracking.