Citi: a sweeping Republican victory in the U.S. election would be the most favorable outcome for crypto markets
A sweeping Republican victory in the upcoming U.S. elections would be the most favorable outcome for Coinbase and the broader crypto market, while a Harris win and a divided Congress could lead to increased uncertainty for the digital asset industry, Citi said in a research note on Wednesday, Oct. 18, according to CoinDesk.
The Trump/Vance camp is openly supportive of digital asset reform, and Republican control of the Senate is critical to passing bills like FIT21 and confirming leaders of pro-crypto institutions, writes the team led by analyst Peter Christiansen. If both houses of Congress are aligned, the pace of digital asset reform could accelerate, they added.
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