As the saying goes, elections have consequences, and tomorrow’s races could have particular impact on the crypto space. All 435 House seats and one-third of the 100 Senate seats are on the ballot, and most polls show it’s likely the Republicans will certainly take the House and likely will take the Senate. Traditionally for Wall Street this kind of divided government – with the Congress controlled by one party and the White House controlled by the other – is good for business. For most of recent history, the economy has fared better in the six months after midterms. With the correlation between the stock market and crypto lately, convention wisdom says that augers well, but there is a big caveat,
Stakes For Crypto in Tuesday’s Elections Are High
Stakes For Crypto in Tuesday’s Elections Are…
Stakes For Crypto in Tuesday’s Elections Are High
As the saying goes, elections have consequences, and tomorrow’s races could have particular impact on the crypto space. All 435 House seats and one-third of the 100 Senate seats are on the ballot, and most polls show it’s likely the Republicans will certainly take the House and likely will take the Senate. Traditionally for Wall Street this kind of divided government – with the Congress controlled by one party and the White House controlled by the other – is good for business. For most of recent history, the economy has fared better in the six months after midterms. With the correlation between the stock market and crypto lately, convention wisdom says that augers well, but there is a big caveat,