COINDESK · 2026-11-04 22:52 UTC

Crypto's Washington hopes fade, but Grayscale and BlackRock see growth ahead

Grayscale and BlackRock downplay the impact of Democrats' midterm election victory on crypto's prospects, arguing the industry's growth depends more on global adoption and institutional demand than U.S. legislation. Grayscale estimates 80-85% of global cryptocurrency activity occurs outside the U.S., citing growing stablecoin use in South America and Southeast Asia as evidence of international demand. The CLARITY Act, a major federal digital assets bill, failed to advance even when Republicans controlled Congress, though some industry executives see potential for a revised bipartisan…

Loading the story on Tree News…