There's an election next month: State of Crypto
With the 2026 U.S. midterm elections approaching, this newsletter examines how a potential shift in Congressional control could impact crypto regulation and oversight. It highlights the industry's focus on upcoming tax legislation and the role of political action committees in influencing key races.
Why it matters
The outcome of the midterms will determine the legislative environment for digital assets, influencing how federal agencies are overseen and whether new market structure or tax laws are enacted.
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The midterm election is on Nov. 3, 2026. As of Friday, Oct. 2, 2026, polls suggest that Democrats will flip the U.S. House of Representatives, while the Senate is a tossup.
While much of the crypto industry is looking to what federal regulators will do in the wake of last month's Clarity Act collapse , Congress will still play some important roles next year. Lawmakers are now looking more deeply at crypto tax legislation, and there will likely be hearings.
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