[US Midterm Election Results Do Not Change Crypto Industry Growth Trend; Grayscale and BlackRock Both Focus on Overseas Demand and Institutional Adoption] Odaily Planet Daily reports that Grayscale believes the crypto industry's future will rely more on overseas demand and institutional adoption than on Washington. Zach Pandl, Head of Research at Grayscale, stated that the GENIUS Act is a significant development for stablecoins, but regulatory clarity and institutional adoption have a deeper foundation. He previously estimated that 80% to 85% of global crypto activity occurs outside the US, noting growing demand for US dollar stablecoins in South America and Southeast Asia. Robert Mitchnick, Head of Digital Assets at BlackRock, stated that the US midterm elections will have a limited impact on BlackRock's crypto business, as Bitcoin and Ethereum already possess most of the regulatory clarity required for investment products.