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Citigroup: A Republican sweep in the US election would be the most favorable outcome for the crypto market

BlockBeats news, October 18, according to CoinDesk, Citibank said in a research report on Wednesday that in the upcoming US election, if the Republicans win comprehensively, it will be the most favorable result for Coinbase and the broader crypto market, while Harris' victory and the split of Congress may lead to greater uncertainty in the digital asset industry.

The team led by analyst Peter Christiansen wrote: "The Trump/Vance camp openly supports digital asset reform, and Republican control of the Senate is crucial to passing bills such as FIT21 and confirming institutional leaders who support encryption." They added: "If both houses of Congress are consistent, the pace of digital asset reform may accelerate."

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