The first polls closed in Indiana and Kentucky late Tuesday, with control of both chambers of Congress still uncalled and the fate of the most consequential piece of US crypto legislation hanging on the outcome. All 435 House seats and 35 of the 100 Senate seats were on the ballot in the November 3 midterms, and neither chamber had been projected as of 00:50 CET Wednesday.

For digital-asset markets, the vote is less about the balance of power in Washington than about who will write the next market-structure law. The CLARITY Act, which cleared the House in July 2025 but died in the Senate 49 to 50 on September 15, expires on January 3 unless lawmakers act. Because the bill needs 60 votes to overcome a filibuster, no single election…