NewsSignals
NewsSignals AI analysis·Reuters·

Crypto blitzes midterms with $176 million to support allies as it prepares for post-Trump era

Grade Abullish AI signal$BTC$ETH$XRP$SOL$COIN
The crypto industry has spent roughly $176 million across more than 100 US midterm races to elect allies and build lasting political support ahead of a potential post-Trump regulatory environment. Fairshake and its affiliates accounted for about $150.8 million in spending through October 20, while the industry is seeking passage of the Clarity Act to shift crypto oversight to the Commodity Futures Trading Commission. The spending could strengthen long-term regulatory support for crypto, but election outcomes and the stalled Clarity Act may determine whether the industry secures more durable rules.

Bullish strength: 70/100

  • The industry is investing heavily to build a bipartisan coalition of pro-crypto lawmakers.
  • The 2025 GENIUS Act established a federal regulatory framework for stablecoins with overwhelming bipartisan support.
  • The industry is pursuing the Clarity Act to establish a more durable crypto oversight framework.

Bearish strength: 30/100

  • The Clarity Act stalled in the current congressional session and faces an uphill battle if Democrats gain control of one or more chambers.
  • Future administrations could reverse agency-level crypto regulations adopted during Trump's term.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

US Fintech Weekly: Fiserv Bounces Post-Earnings, Crypto Brokers Suffer, And Federal Agencies Prepare Innovation Guidelines

Fiserv shares surged nearly 13% after earnings, while crypto-linked stocks Robinhood and Coinbase headed for a sixth consecutive weekly decline amid Bitcoin weakness and growing regulatory uncertainty. Fiserv benefited from an earnings beat and a new $500 million share buyback authorization, while six federal agencies are preparing fintech innovation guidelines ahead of a November 15 deadline. Stronger regulatory oversight under Democratic congressional control could pressure crypto platforms, although continued institutional integration may limit the sector's downside.

Crypto ally French Hill wins reelection but set to lose House chair

Crypto-friendly Republican French Hill won reelection in Arkansas but is expected to lose his House Financial Services Committee chairmanship after Democrats gained control of the House. Hill sponsored the CLARITY Act and supported the GENIUS Act, while Democrat Maxine Waters is the leading contender to replace him as chair; crypto-backed PACs spent more than $176 million during the election cycle. The leadership change could increase regulatory scrutiny and create uncertainty around the future of US crypto legislation.

Solana: Samsung Wallet adds USDC through its Stablecoin Account - 05 Nov 2026

Samsung Wallet has launched USDC support on Solana, bringing stablecoin payments to 82 million compatible Galaxy devices. Eligible U.S. users can now buy, hold, send and receive USDC directly through Samsung Wallet's Stablecoin Account. The integration could accelerate USDC adoption and increase Solana network activity, potentially benefiting SOL through greater ecosystem usage.

Lido DAO: EarnETH and EarnUSD gain dual-layer loss protection - 05 Nov 2026

Lido DAO has introduced dual-layer loss protection for its EarnETH and EarnUSD products, adding a second layer of capital protection for depositors. Firelight provides the first layer, followed by Lido DAO, which is committing an initial $5 million in shares to back eligible losses. The additional protection could improve depositor confidence and strengthen adoption of Lido's Earn products, although coverage remains subject to limits and conditions.