Americans are voting today (November 3) in midterm elections that will decide which party controls Congress, and crypto investors are watching closely.

Republicans currently hold both the House and the Senate, but their House majority is narrow. A change in control of either chamber could affect how lawmakers handle the rules for digital assets, including a market structure bill that has stalled this year.

The vote comes at a challenging time for Bitcoin.

The cryptocurrency is currently trading at around US$77,000, roughly 11 percent lower than its October high of US$87,146.35, and is coming off its fourth consecutive weekly loss.

Part of that slide came after the world’s largest crypto exchange, Binance, was hacked, allegedly by the…