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U.S. Senator Warren stated that Jensen Huang's resignation does not exempt him from responsibility. Jensen Huang and NVIDIA still owe Congress an explanation. Congress must pass the artificial intelligence regulation bill. Rutnik also needs to provide an explanation regarding related matters.

U.S. Republican Senator Kevin Cramer accepted an interview with POLITICO and publicly called for Jensen Huang to resign as CEO of NVIDIA. He believes that Huang's extramarital affair poses a serious potential blackmail risk, especially considering that NVIDIA holds highly sensitive AI chip technology. Cramer stated, "The risk of being blackmailed is just too great; I think he must go."Cramer is a member of the U.S. Senate Banking Committee, which is reviewing several bills aimed at strengthening export controls on advanced AI chips. He believes that while it is certainly possible for NVIDIA's board to initiate an internal investigation, it is far from enough. Earlier that day, Larry Kudlow, the former director of the White House National Economic Council during Trump's first term, also publicly urged on Fox Business, "Mr. Huang, resign now." He believes this is a reasonable action for Jensen Huang to take at this time.As the controversy escalates, the U.S. Congress is also accelerating its scrutiny of NVIDIA's chip exports. The three bills under consideration by the Senate Banking Committee involve strengthening export approvals for advanced chips, tracking the destination of chips, and restricting the export of certain semiconductor manufacturing equipment. These bills are vying to be included in the annual National Defense Authorization Act and have not yet been fully passed.

Warren's committee assistant stated that she plans to focus on predicting market regulation and the Trump family's cryptocurrency business after taking charge of the Senate Banking Committee in January next year.

Senator Blumenthal sent letters to Binance, Tether, and Trump-associated cryptocurrency companies, requesting cooperation with ongoing investigations and the submission of documents.

Analyst qinbafrank published an interpretation of the impact if anti-crypto Senator Elizabeth Warren were to become the chair of the Senate Banking Committee. Warren has consistently advocated for embedding anti-money laundering obligations deeply into wallets, miners, and validators, preventing banks from bringing crypto risks into the traditional lending and borrowing system, and opposing the use of tokenization to circumvent securities laws. Warren is likely to push for a stricter legislative agenda, but she will face significant resistance in actual implementation.The comprehensive tightening of crypto regulation bills will still be limited by the 60-vote filibuster threshold, and even if both chambers pass them, Trump can still exercise veto power. Therefore, hardline proposals lacking significant compromise are unlikely to directly become law. However, Warren could escalate Trump's scrutiny of crypto businesses into ongoing investigations and initiate intensive hearings targeting the SEC, CFTC, and crypto companies. While this does not equate to criminal convictions, it would significantly impact market sentiment.At the administrative regulatory level, for the next two years, the chairs of the SEC and CFTC will still be held by Republicans, who can continue to advance crypto policies within their existing statutory authority (such as the September tokenized stock trading exemption and the recent derivatives framework request for comments). Warren's oversight cannot automatically invalidate these policies, but it may slow down the process or narrow the scope of exemptions. At the same time, she can use her committee powers to obstruct Trump's nominations for regulatory agency commissioners. Analysts conclude that although hearings and investigations will bring greater pressure, the crypto regulatory environment in the next two years is unlikely to be stricter than during the period of full Democratic control from 2023 to 2024.

According to Cointelegraph, citing The Wall Street Journal, long-time critic of the cryptocurrency industry, U.S. Senator Elizabeth Warren is expected to lead the Senate Banking Committee, a change that could pose challenges for Wall Street and the cryptocurrency industry.

According to the election results page on the Stand With Crypto official website, in the U.S. midterm elections, 397 out of 435 House of Representatives seats have been determined, with 226 candidates from the pro-crypto side and 106 from the opposition.In the Senate, 33 out of 35 contested seats have been determined, with 19 candidates from the pro-crypto side and 8 from the opposition.

Bitwise analyst Camran Khosravi posted on the X platform, stating that as the results of the U.S. midterm elections are being confirmed, the number of senators supporting cryptocurrency is currently 51, down from 52 before the elections (including two candidates from Alaska who both support cryptocurrency).In this election, the Democratic Party successfully secured 7 Senate seats previously controlled by the Republican Party, with 4 of the winners receiving an A rating from the cryptocurrency advocacy organization Stand With Crypto. Khosravi believes that cryptocurrency is becoming a bipartisan issue.

David Chalian, the head and political director of CNN's Washington bureau, interprets that there has been a significant change in the power structure in the United States. The Democratic Party has taken control of both the House of Representatives and the Senate, and the last two years of Trump's term will be completely different from the first two years. Voters have sent a strong rejection of Trump in the elections, with presidential approval ratings underwater even in key Senate states and deep red states.The Democratic Party has secured seats in Texas, Ohio, Iowa, South Carolina, and other states, where Trump won by double digits just two years ago and had victories in all three of his presidential campaigns. Factors contributing to this shift include the alienation of independent voters, the return of Latino and young voters to the Democratic Party, Trump's failed economic governance, and public concerns about the cost of living, all of which have become important reasons for the Republican Party's midterm election losses.

Former Democratic Senator Sherrod Brown defeated incumbent Republican Senator Jon Husted in the Ohio Senate seat race, reclaiming the Senate seat, which poses a setback for the cryptocurrency political action committee Fairshake. Earlier this year, Fairshake invested $30 million in the Ohio campaign, explicitly targeting Brown. The crypto PAC and the broader cryptocurrency industry played a significant role in the 2024 elections, spending millions to influence political outcomes.This is not the first time Fairshake has funded efforts against Brown. Brown previously served as the chairman of the Senate Banking Committee, leading the cryptocurrency-related agenda and calling for action against the use of cryptocurrencies to fund terrorism and evade sanctions. In 2024, Fairshake invested $12 million to support pro-crypto Republican Bernie Moreno in challenging Brown, successfully defeating him. With the Democrats regaining control of the Senate, Brown may become the chairman of the Senate Agriculture Committee, which has jurisdiction over digital assets and prediction markets. Sources previously told The Block that if Brown takes the position, he is unlikely to push for any cryptocurrency legislation.Husted received support from the cryptocurrency advocacy group Stand With Crypto, having voted in favor of several cryptocurrency bills, including the broad cryptocurrency legislation "Clarity Act," and received an A rating from the organization, while Brown was rated F. Other candidates supported by Stand With Crypto include New Hampshire Democrat Chris Pappas, who won his campaign. Additionally, Democratic Senators Cory Booker and Mark Warner both successfully secured re-election, both of whom were involved in cryptocurrency legislative negotiations. Texas Democratic Senate candidate James Talarico received an A rating for his previous pro-crypto statements and voting to support the establishment of a strategic Bitcoin reserve in the state, defeating Texas Attorney General Ken Paxton on Tuesday.

According to CNN data, the Democratic Party flipped the Senate seat in Iowa during the Senate elections, securing a total of 51 seats, while the Republican Party only has 39 seats. The Democratic Party has achieved a net gain of 6 seats and successfully gained control of the Senate.

The election forecasting agency Decision Desk Headquarters (DDHQ) predicts that Democrat Adam Hamilton successfully flipped a federal Senate seat in Kansas. He capitalized on voter dissatisfaction with President Donald Trump's tariff policies and public discontent caused by rising fuel prices due to the Iran war, becoming the first Democrat elected to the federal Senate from this American Great Plains state since 1932.According to preliminary vote counts, with 84% of ballots reported, Hamilton leads Republican Senator Roger Marshall with a vote percentage of 53% to 44%. DDHQ has declared Hamilton the winner, but other television media have yet to predict a winner.According to predictions from DDHQ and several television media outlets, Democrats have currently flipped five seats in the federal Senate elections, coming from North Carolina, Ohio, Texas, Kansas, and South Carolina. The Democrats originally needed to gain a net of four seats to control the Senate, provided that the party did not lose existing seats in other states.

According to the election forecasting agency Decision Desk Headquarters (DDHQ), Democrat James Talarico is predicted to win the federal Senate seat in Texas, defeating Republican Ken Paxton. This marks the first significant victory for the Democrats in Texas since 1988.This result brings the Democrats closer to regaining a majority in the Senate. The Democrats need a net gain of 4 seats to retake the Senate majority, and according to U.S. media predictions, the Democrats have flipped and won in the Senate elections in North Carolina and South Carolina.

According to Jinshi News, the Democratic Party unexpectedly won the federal Senate election in South Carolina, with pediatrician Annie Andrews defeating the Republican candidate Darlene Graham, who was personally supported by President Donald Trump, becoming the first Democrat to win a Senate election in the state in 28 years.Two years ago, President Donald Trump led his opponent by more than 17 percentage points in South Carolina.

According to the Decision Desk HQ page, as of now, in the confirmed seats for the 2026 U.S. midterm elections, the Democratic Party is leading in both chambers.In the House of Representatives, the Democratic Party has secured 147 seats, while the Republican Party has 92 seats, with the majority threshold being 218 seats. In the Senate, the Democratic Party has secured 47 seats, while the Republican Party has 38 seats, with the majority threshold being 51 seats.

According to Catcher Predict monitoring, in the market prediction event "Winner of the South Carolina Senate Election" on Polymarket, the "Yes" option for the sub-market "Annie Andrews (D)" has experienced a dramatic fluctuation in winning probability, soaring from 63.5% an hour ago to the current 97.9% (a fluctuation of 34.4%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, the probability of the option "Yes" in the event "Republican Victory Prediction in Senate Swing States" on the prediction market Polymarket has experienced significant fluctuations, soaring from 32.5% an hour ago to the current 48.5% (a fluctuation of 16%). Please note the impact of related breaking news.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

According to Catcher Predict monitoring on-chain data, large capital movements are predicted in the Polymarket market. A large whale invested $52,000 in the option "Republicans winning the Senate swing states" for the "Yes" option. Based on the current transaction price, the latest corresponding winning probability for this option is 26%.

According to Catcher Predict monitoring, in the market prediction event "Liverpool FC vs Arsenal FC More Markets" on Polymarket, the "Over" option in the sub-market "Liverpool FC Second Half O/U 1.5" experienced a sharp fluctuation in winning probability, soaring from 17% an hour ago to the current 32% (a fluctuation of 15%). Please note the impact of related breaking news.