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Crypto-backed candidates win across parties despite Democrats taking Congress in 2026 US midterms.

Market News
05 Nov 2026, 07:54 WIB
Crypto news
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Bullish
Crypto-backed candidates win across parties despite Democrats taking Congress in 2026 US midterms.

In the 2026 US midterm elections, pro-crypto candidates secured victories across both Democratic and Republican parties despite Democrats regaining control of Congress. Ripple executives highlighted wins by Fairshake, a crypto-backed political action committee, which won 29 of 34 races, though some crypto-supported candidates faced costly defeats. Ripple emphasized ongoing bipartisan efforts to establish clear federal regulations for digital assets, with plans to continue political engagement and advocacy. The industry remains focused on passing the CLARITY Act to clarify crypto market rules despite recent legislative setbacks.

As of Nov 05, 2026 13:01 WIB, XRP on Pluang trades at Rp23.746 with a 1-day gain of 2.42%. Despite political shifts noted in the US midterm elections, XRP’s market cap stands at Rp1.502,77 trillion, reflecting steady investor interest. Pluang data shows a majority of sell orders at 69%, with typical holding periods around 73 days, indicating cautious trading behavior amid ongoing regulatory discussions.

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