PANews|Oct 28, 2026 14:59
[US Midterm Elections May Shift Congressward to Stronger Crypto Regulation, Clarity Bill Unlikely to Advance]
According to The Block, the US midterm elections will be held next week. Kalshi data shows that Democrats have a 64% chance of winning the Senate and a 90% chance of winning the House. If Congress changes hands, the crypto agenda may shift from pushing for legislation to strengthening regulation, making the Clarity bill unlikely to advance. Democratic Senator Angela Alsobrooks stated that a Democratic-controlled Congress will not prioritize the bill. If Democrats win the Senate, Warren will become the chair of the Senate Banking Committee.
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