CoinVoice has recently learned that according to Coindesk, Citi (C) said in a research report on Wednesday that a Republican sweep in the upcoming US election would be the most favorable outcome for Coinbase and the cryptocurrency market, while Harris' victory and a split in Congress could lead to more uncertainty in the digital asset industry.
Analysts led by Peter Christiansen wrote: “The Trump/Vance combination has publicly supported digital asset reform, and Republican control of the Senate will be critical to passing bills such as FIT21 and confirming pro-crypto agency leaders. With both houses of Congress aligned, the pace of digital asset reform is likely to accelerate.”
However, the report said that a Republican victory in the Senate and a Democratic victory in the House of Representatives would still be positive for Coinbase and the cryptocurrency market. The US election will be held on November 5 and the results will be announced on November 8. [Original link]