Tether executive: 2026 US midterm elections could have a significant impact on the crypto industry.

CoinFeed reported on May 8th that, according to CoinDesk, Tether's Head of Government Affairs, Jesse Spiro, warned at the Consensus conference that the 2026 US midterm elections could have a significant impact on the crypto industry, serving as a crucial test of the sustainability of Washington's recent pro-digital asset stance. He pointed out that the industry has made progress over the past year, including the passage of the GENIUS Act and advancements in market structure legislation, but these achievements could be overturned by the elections. Spiro emphasized that the crypto industry should not be partisan, and ideally, it should have bipartisan support. Colin McLaren, Director of Government Relations at the Solana Policy Institute, stated that the industry's political efforts are focusing on "persistence," ensuring that Congress continues to advance priorities such as tax reform and developer protection.