According to BlockBeats, on October 18, CoinDesk reported that Citigroup said in a research report on Wednesday that a comprehensive victory of the Republican Party in the upcoming US election would be the most favorable outcome for Coinbase and the broader crypto market, while Harris' victory and a divided Congress could lead to greater uncertainty in the digital asset industry.

“The Trump/Vance camp has publicly supported digital asset reform, and Republican control of the Senate will be critical to passing bills like FIT21 and confirming pro-crypto institutional leaders,” wrote a team led by analyst Peter Christiansen. “The pace of digital asset reform could accelerate if both houses of Congress are aligned,” they added.