CICC says Democrats won back both chambers of Congress in the US midterms, in a sweep broader than markets expected, which it argues lowers policy uncertainty and clears risk for markets. It sees stronger checks on the Trump administration, less room for fiscal expansion, debt-ceiling friction and more uncertainty over state data-centre rules, though full AI restrictions are unlikely.
The story so far: Clarity Act passage prospects
Democrats won back both chambers of Congress in the 3 November midterms, and analysts expect the CLARITY Act to stall. Galaxy Research's Alex Thorn now says no substantive progress on key digital asset legislation is likely, though the SEC, CFTC and bank regulators can keep shaping rules under existing authority.
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CICC says Democratic sweep in US midterms cuts policy uncertainty
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