Tether Executive: The 2026 U.S. Midterm Elections Could Have a Significant Impact on the Crypto Industry

Mars Finance News, according to CoinDesk, Tether Government Affairs Director Jesse Spiro warned at the Consensus conference that the 2026 U.S. midterm elections could have a significant impact on the crypto industry, serving as a critical test of whether Washington’s recent friendly stance toward digital assets can be maintained. He pointed out that the industry has made progress over the past year, including the passage of the GENIUS Act and the advancement of market structure legislation, but these achievements could be overturned by the elections. Spiro emphasized that the crypto industry should not be partisan, and the best scenario is to gain support from both parties. Colin McLaren, Director of Government Relations at the Solana Policy Institute, stated that the industry’s political efforts are focusing on “persistence” to ensure Congress continues to prioritize tax reform and developer protections. Mason Lynaugh, Executive Director of Stand With Crypto, said that the organization’s nearly 3 million members see the elections as a “moment of accountability,” with high crypto voter engagement that could influence close races.