Analysts flag 2027 debt-ceiling fight as key crypto risk after US midterms

• —US midterms are set for Nov. 3, 2026, with Republicans holding the House 218–214 and the Senate 53–47
• —PGIM puts the next X-date, when Treasury exhausts extraordinary measures, in mid-to-late summer 2027
• —ING points to a peak confrontation around midsummer 2027
• —Stablecoin reserves held in cash and short-term Treasuries are sensitive to front-end premiums