PANews November 6 news, according to QCP Capital, the Democratic Party has won control of both the U.S. Senate and House of Representatives. Senate Democrats currently lead 54 seats to 44, flipping at least 7 states; the House stands at 253 seats to 155. On Thursday, the S&P 500 fell 4.36% to 7,353.73 points, the largest single-day drop since April 2025; the Nasdaq Composite fell 5.52% to 24,315 points, entering correction territory; Bitcoin fell 5.5% to $76,036. QCP said the Democratic Party has not reached a two-thirds majority and cannot override Trump's veto; its potential moves such as delaying data center approvals and reducing tax incentives may hit AI infrastructure.
QCP Capital comments on Democrats winning both the Senate and the House: Democrats did not reach a two-thirds majority and cannot override Trump's veto.
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The relevant department head of the People's Bank of China: Domestic virtual currency traders and domestic affiliated entities of overseas virtual currency issuance and trading platforms will be the focus of investigation.
PANews, November 6 news: A relevant department head of the People's Bank of China stated that virtual currencies at the current stage cannot effectively meet th...