THE STREET · 2026-11-05 18:32 UTC

Midterm results don't change crypto strategy, BlackRock says

Democrats won control of both chambers of Congress in midterm elections, potentially limiting crypto industry's influence over Washington policymaking. BlackRock's head of digital assets Robert Mitchnick said the election results don't change the company's crypto strategy, noting Bitcoin and Ether already have regulatory clarity for investment products. Mitchnick expressed hope that increased adoption could make crypto a bipartisan issue despite Democratic opposition to bills like the CLARITY Act.

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