Prediction markets show Democrats have about 93% chance to win the House and 70% for the Senate after the CLARITY Act failed in a Republican Senate. While a Democratic Congress cannot override a presidential veto, it will control committees, investigations, and confirmations of SEC and CFTC nominees, affecting crypto intermediaries like Circle and Robinhood. Since the CLARITY vote, stocks of Coinbase, Circle, Robinhood, and Bullish have dropped significantly, reflecting investor concerns. Bitcoin's classification as a commodity remains stable, making it a safer crypto asset through the midterms.
Robinhood Markets leads in market cap among the mentioned crypto intermediaries at $76.53 billion as of Nov 02, 2026 22:02 WIB, trading at USD 86.20 with a 1-day gain of 1.42%. Coinbase Global holds a market cap of $38.00 billion but is down 2.22% on the day, priced at USD 140.11. Circle Internet Group, with a market cap of $18.42 billion, shows a 1-day increase of 1.41% at USD 73.55. These figures highlight varied investor responses to regulatory developments affecting crypto intermediaries.
Cryptocurrency-focused super PACs are investing over $200 million in the 2026 U.S. midterm elections to influence lawmakers and push for comprehensive digital asset legislation, following a $250 million spend in 2024 that helped elect pro-crypto cand...
Coinbase Global, Inc. was upgraded to a cautious Buy due to improved revenue diversification and profitability, despite ongoing crypto market volatility and cybersecurity risks highlighted by a recent $6.3 billion hack of Binance. Coinbase's Q3 resul...
Coinbase now holds about 30% of all USDC stablecoins, with customers storing a record $22 billion on its platform. Following a major hack at Binance, Circle, the issuer of USDC, froze $800 million in stolen USDC, demonstrating its ability to block wa...
Coinbase reported a strong third-quarter profit of $719 million, driven largely by gains in its Bitcoin holdings and stablecoin USDC. However, its core operating income fell sharply by 87.2% year-over-year to $61.7 million, and revenue declined 35%. ...
Coinbase's stock dropped 11% following a record $6.3 billion hack at Binance and disappointing Q3 2026 earnings, with net revenue down 34% year-over-year and trading revenue falling 44%. Despite a $715 million crypto investment gain boosting net inco...
