Recently, I've been looking at the impact of the US midterm elections on crypto, and really it comes down to one thing:

There was originally a chance to set the rules, but now it might just get blocked.
The bills those people are arguing about are basically
trying to legalize stablecoins, exchanges, and these kinds of things,
so the industry doesn't keep operating in this gray area.
If this could move forward, the industry would look more like regulated finance, and money would flow in more easily.
But the problem now is:
if the election results change, people opposed to crypto will end up in key positions.
They don't need to vote it down,
they just need to not schedule discussions, and these bills won't go anywhere.
So the feeling right now is really weird:
it's not that it got rejected,
it's that you never get a result.
You say it's bearish, but it didn't crash you;
you say it's bullish, but it didn't pump you either.
It's more like
being strung along, not letting you truly start.
#美国中期选举 # Stablecoin #Crypto