US midterms unlikely to move bitcoin as Fed policy takes over
- —Polymarket on Sept. 28 put Democrats' odds of winning both chambers at 61%
- —The Senate blocked the CLARITY Act on Sept. 15 with no Democratic support
- —The Fed raised rates to 3.75–4% on Sept. 16; 16 of 18 officials see another hike
- —Crypto Super PAC Fairshake spent $30 million against Senator Sherrod Brown
Why it matters: With crypto legislation stalled in Washington, bitcoin's direction will hinge on Fed rate policy rather than the midterm outcome.
Source: Cryptocurrency.tech