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Grayscale and BlackRock say crypto growth will continue despite Democratic Congress control

NewsFeeds update

Grayscale and BlackRock expect the Democratic sweep of both chambers in the US midterms to have little effect on crypto's long-term growth, though it may complicate President Donald Trump's digital-asset legislation. Grayscale research head Zach Pandl estimated 80% to 85% of global crypto activity happens outside the US and said rising federal debt could support demand for alternative stores of value.

RegulationCoinNessAIBullish

Read the original on CoinNess

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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  1. Grayscale and BlackRock say crypto growth will continue despite Democratic Congress control

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