Democrats won both chambers of Congress, according to Decision Desk HQ projections cited in the excerpt, setting up divided government in January. Galaxy researcher Alex Thorn expected Elizabeth Warren to chair the Senate Banking Committee and Maxine Waters to lead the House Financial Services Committee; those leadership changes had not occurred in the account.
Galaxy did not expect substantial progress on major crypto legislation, though Thorn said federal agencies could continue clarifying rules under existing law. A tracker cited by Galaxy found that candidates backed by crypto and AI political action committees lost nine of 12 competitive races called as of Nov. 4, while all 40 backed candidates in safer races won.
