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What the US Midterm Elections’ Lack of a ‘Red Wave’ Means for Crypto

The Breakdown

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The GOP's Ron DeSantis Wins the Midterms

One of the races that people are watching most closely is Florida's Ron DeSantis. Trump, who's expected to announce his own candidacy on November 15, has increased his swipes against DeSantis and threatening to divulge damaging information if he runs. The US government is forecast to hit the debt ceiling early next year and will require congressional approval to raise the limit. Market participants view a debt ceiling standoff as likely for next year.

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