Democrats Win US Congress; QCP Says They Fall Short of Two-Thirds Veto-Proof Majority

The split outcome matters more than the headline: a Democratic sweep that stops short of veto-proof margins means legislative risk without legislative resolution, leaving markets to price uncertainty rather than a clear policy path. The simultaneous selloff across equities and bitcoin suggests this is being read as a broad risk event, not a sector story. The concrete exposure sits in AI infrastructure, where QCP flags possible delays to data-center approvals and trimmed tax incentives as the mechanisms to watch. Whether those levers actually get pulled — and how hard the veto standoff constrains them — is the open question.