‘Crypto moves forward regardless’ – Why Grayscale is looking past the U.S. midterms

Grayscale's Head of Research Zach Pandl believes that the cryptocurrency industry will continue to expand regardless of the outcome of the upcoming U.S. midterm elections. In a report published on the 28th of October, Pandl argued that even if Democrats gain control of both the House of Representatives and the Senate, the broader outlook for digital assets is unlikely to change significantly. Zach Pandl's bullish crypto market prediction Currently, Republicans hold majorities in both chambers. However, prediction markets suggest that Democrats could take control after the elections. Such a political shift could influence the regulatory environment for cryptocurrencies, particularly as the industry has benefited from greater regulatory clarity recently. Furthermore, the years under Joe Biden offer sufficient evidence of a challenging cryptocurrency market.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.