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Door Remote - 04 Oct 2026
The U.S. is holding its midterm election in a month, on November 3. The results will determine whether Republicans or Democrats control the House of Representatives and the Senate, and that in turn will determine what next year looks like for crypto (and, I suppose, other) industries.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.
30 days outThe narrative
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.
Why it matters
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.
Breaking it down
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.
30 days outThe narrative
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.
Why it matters
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.
Breaking it down