See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
cryptomidterm electionsregulation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/31/2026 | 2,255.66 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Crypto Super PAC Fairshake Pours Millions More Into Defeating Sherrod Brown
Crypto super PAC Fairshake has reported fresh spending to defeat Democratic Sen. Sherrod Brown in Ohio, pushing its total against him past $40 million. A Federal Election Commission filing signed Oct. 15 shows affiliate Defend American Jobs disclosed a $5.2 million media buy against Brown, another roughly $1.95 million days later, plus production costs, bringing his calendar-year total to about $46.66 million, the most expensive 2026 target for the industry. The same filing shows parallel spending supporting his Republican opponent Jon Husted. The move follows Fairshake's Oct. 5 announcement backing 32 House incumbents, with an initial $6 million committed to six of them. Brown, a longtime crypto critic who chaired the Senate Banking Committee, lost his seat in 2024 after Fairshake spent roughly $40 million to help defeat him.
- With Midterms Looming, the Crypto Industry Is Mobilizing to Maintain a Pro-Crypto Regulatory Environment. History Says This Happens Next.
Crypto lobbying groups have spent about $176 million on more than 100 congressional races ahead of the U.S. midterms, according to a Reuters review, though past election spending has not always produced the laws the industry wanted. The Senate failed on Sept. 15 to advance the Clarity Act, which got only 49 of the 60 votes needed, mainly over ethics rules for officials profiting from crypto. Fairshake, the industry's largest super PAC, spent $150.8 million through Oct. 20, and 53 of its 58 backed candidates in primaries and special elections won. The article notes Bitcoin rose 155% in 2023, a year the SEC brought 46 enforcement actions against crypto actors, suggesting markets can grow without friendly regulation. It argues fears of a crypto ban or burdensome rules are usually overblown.
- Crypto industry pours more than $200 million into 2026 midterms to pressure Congress on favorable rules
Crypto-tied organizations have contributed more than $200 million this election cycle, according to Public Citizen, outpacing online betting and data center groups in federal corporate political spending. Fairshake and its affiliated super PACs back 33 House candidates, 19 Republicans and 14 Democrats, and are prioritizing six incumbents with a baseline of $1 million each. Coinbase says it donated $25 million to Fairshake's 2026 midterm efforts, after contributing $79 million to federal races in the 2024 cycle. The Clarity Act, a bipartisan crypto market-structure bill, stalled in the Senate in September after Democrats argued it did too little to stop top officials from profiting from crypto, amid a Gallup poll finding a record 89% of U.S. adults say government corruption is widespread. In Ohio, Fairshake told CNBC it has spent $55 million to oppose Sherrod Brown, who holds a four-point edge over Jon Husted in a Marist poll, within a 4.5% margin of error.
- Binance $6.3B record hack sparks pre-election political chatter
Binance suffered a hack of about $6.3 billion, described as the biggest crypto heist in history, and political and administration figures began weighing in as a US election approached. Binance said it would absorb the financial impact so users would not bear the losses, that about $3 billion of the stolen funds had been frozen, and that it was working with law enforcement and blockchain intelligence firms to trace the funds; the hack was widely attributed to a North Korean group. Republican Senator Cynthia Lummis cited the stalled Clarity Act, arguing it would let crypto firms freeze suspicious transactions when law enforcement asks, while Democratic Representative Maxine Waters criticized the push for deregulation and pointed to the Trump family's ties to Binance. The Senate failed to pass a cloture motion on the Clarity Act over disputed ethics provisions that would restrict officials and their families from issuing or profiting from digital assets, and CFTC Chair Michael Selig said the hack proved the need for crypto market regulation because offshore exchanges lack US-style safeguards.
- Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority
Only 13% of Americans say it is very important for candidates to support crypto and DeFi, according to an Ipsos survey for the DeFi Education Fund. A broader item, encouraging the building of next-generation financial technology in the U.S., ranked highest at 35%, with Republicans leading Democrats 45% to 30% on that item. Meanwhile, the crypto industry has spent about $176 million on more than 100 midterm races this cycle, per a Reuters review, with Fairshake and its affiliates accounting for about $150.8 million through Oct. 20. The Clarity Act failed a key Senate vote in September over ethics provisions tied to President Donald Trump's crypto interests, and the industry has since turned to the SEC and CFTC to write rules. The survey also found 63% say the financial system needs an upgrade to combat threats like AI and cybercrime.
- Majority of Americans want candidates who support US-based financial technology: Poll
A poll by the DeFi Education Fund and Ipsos, conducted in September among 1,545 people, found that 72% of respondents considered it 'somewhat' to 'extremely' important for politicians to support policies encouraging US-built financial technology. Only 35% called this 'very' or 'extremely' important, and 13% said the same about candidates encouraging growth in blockchain, crypto and DeFi. Most respondents (87%) had not held digital assets in the previous 12 months, and only 9% said they were familiar with crypto. Ipsos said ownership of crypto and openness to DeFi were largely consistent with 2025 and showed similar interest across party lines. The poll came about two months before the 2026 midterm elections, in which PACs backed by crypto companies have already spent tens of millions of dollars.
Related markets
Latest news
- Social Security's Trump Bump-Powered 2027 COLA Is the 5th Largest in 35 Years, but It Comes at a Potentially Steep Cost
The Social Security Administration announced a 3.6% cost-of-living adjustment (COLA) for 2027 on October 14, after the September inflation report, the fifth-largest increase in 35 years. The average retired-worker benefit is expected to rise by $75 a month, and this marks the sixth straight year of increases of at least 2.5%. The article attributes part of the bump to inflation driven by President Trump's policies, including tariffs and the Iran war, which has kept the Strait of Hormuz closed for eight months and counting. However, it warns the outsize raise could worsen the program's finances, citing a $29.3 trillion long-term unfunded obligation and an expected depletion of the OASI trust fund's reserves by the fourth quarter of 2032.
- Anthropic Says It's Building Its Own Data Centers. Bloom Energy Sells Exactly the Onsite Power That Requires.
In a release dated October 26, Anthropic said it had filed a Form S-1 registration statement with the SEC for its upcoming IPO, and the prospectus shows it expects a five-year power bottleneck. Through a new 'Anthropic Direct' initiative, it plans to lease computing power from partners that buy land, secure power, and build and run data centers, and last month it began committing to $125.2 billion in lease payments over five years, before interest. The article argues Bloom Energy's onsite solid oxide fuel cells could be a faster power source, noting that several Anthropic cloud partners, including American Electric Power and CoreWeave, already use Bloom. Bloom reported third-quarter revenue of $1.26 billion, up 138% year over year, and raised full-year revenue guidance to $4.4–4.6 billion. Compared with Oklo's small modular reactors, whose first commercial unit is not expected until 2027 or later, Bloom's systems are already operating at scale.
- S&P Turns Negative on Meta. Wall Street Sees Less Than Half the Cash Hole
S&P Global Ratings revised its outlook on Meta Platforms (META) to negative from stable after the close on October 30, while affirming its AA- rating. It forecasts free operating cash flow deficits of $22 billion in 2026, $71 billion in 2027 and $39 billion in 2028. Meta's free cash flow fell from $13.23 billion in the first quarter of 2026 to minus $1.16 billion in the third quarter, as quarterly capex reached $33.94 billion, up 80% year over year. Wall Street estimates total a $61.32 billion deficit over three years, less than half of S&P's $132 billion, with the widest gap in 2028. S&P says Meta's ability to monetize its AI investments is more limited than that of its peers; Meta disagrees and is lining up a stock sale of up to $95 billion.
- 1 Stat That Makes Nike Stock Hard to Ignore
Nike's stock has fallen 77% over the past five years, while the S&P 500 has risen 67% over the same period, as the company's turnaround takes longer than expected. Despite the price slide, Nike has kept raising its dividend for 24 consecutive years, and the yield now stands at 4.3%. The author notes that revenue growth is likely to slow, with 2027 sales expected to fall by a high-single-digit percentage. The author would still wait before buying shares or adding to a position, and a continued share price decline could negate those dividend gains.
- Boeing and Airbus Planes Seat 200, China's Only 19, but It's the Engine the World Admires
COMAC has released images reportedly showing a full-scale test model of the all-electric 19-seat CE-25A, though there is no official confirmation that it has flown. The aircraft was first unveiled at the China International Import Expo in 2023, with a cruise speed of about 400 km/h and a range of 400 to 500 km for short- and medium-haul travel. Its distinctive feature is distributed electric propulsion, with 10 fans integrated into the wings, but the article stresses challenges such as low battery energy density, thermal management and reliability. By comparison, the Beechcraft 1900 carries up to 19 passengers about 700 km at roughly 520 km/h. Similar projects are underway in Europe (UNIFIER-19), the US (NASA's X-57A, cancelled in 2023) and France (AURA AERO's ERA).
- What To Expect In Markets This Week: AAPL, PLTR, AMD, SMCI, SHOP, Earnings, Jobs Report And More
Results from some of the market's most closely watched technology companies are due this week. A major labor-market report could also offer an important read on the health of the U.S. economy.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.