Jesse Spiro, Head of Government Relations at Tether, predicted that the U.S. midterm elections could be a significant turning point for the cryptocurrency industry. During a panel discussion at Consensus Miami 2026, he stated, "There has been a lot of progress and positive change over the past year. The passage of the Stablecoin Regulation Act (GENIUS Act) and CLARITY are prime examples. However, circumstances can always be reversed at any time. In particular, the midterm elections scheduled for late this year could have a seismic impact on the direction of the cryptocurrency industry. At the same time, cryptocurrency advocacy groups are preparing to inject large amounts of political funding."
