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November 3 midterms and the outlook for AI stocks and crypto legislation
The November 3 midterms could complicate crypto legislation if Democrats win Congress, one crypto commentator says.
TLDR
A crypto commentator cites prediction markets giving Democrats around a 70% chance of taking both chambers. They argue Democratic control could complicate crypto legislation and flag a Democratic proposal opposing government bailouts for AI companies. They also warn that renewed fighting with Iran could drive oil prices and inflation higher. Another commentator says Bitcoin has often struggled around U.S. midterms.
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