TREE NEWS reports: Grayscale and BlackRock said the U.S. midterm election results will not change the crypto industry’s growth trajectory, even after Democrats won. Grayscale research head Zach Pandl said the industry’s future depends more on overseas demand and institutional adoption than on Washington, estimating 80% to 85% of global crypto activity occurs outside the U.S. BlackRock digital assets head Robert Mitchnick downplayed the election’s impact, saying bitcoin and ether already have most of the regulatory clarity needed for investment products.
Grayscale, BlackRock Say US Midterm Results Won’t Alter Crypto Growth
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AI take
The significance here is less about the election outcome than about how two of the largest institutional players are framing crypto's growth drivers: global demand and existing regulatory clarity, not U.S. politics. That framing matters for product strategy and for how the industry talks about policy risk. The open question is whether this confidence holds if the new Congress shifts its posture on digital assets, and whether overseas demand and institutional adoption continue to carry the load as the firms suggest.
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