Prediction markets give Democrats roughly 90% odds of retaking the House and more than 60% odds of winning the Senate. The cryptocurrency industry spent more than $176 million supporting candidates favorable to digital assets across more than 100 races, while Coinbase contributed an additional $25 million to Fairshake for the 2026 midterms. If Democrats take control of Congress, the CLARITY Act on market structure, which already failed a key procedural vote, could face greater obstacles and increased scrutiny through hearings. Coinbase shares and other crypto-linked stocks came under significant selling pressure in October 2026, although the election of industry-friendly candidates could preserve a bipartisan bloc of allies.
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