2026 US Midterms May Throw a Wrench in Trump's Policy Agenda: Ray Dalio
Ray Dalio predicts 2026 midterms could shift Congress to Democrats, potentially reversing Trump's policies, especially concerning crypto.Summary
Billionaire Ray Dalio suggests that concerns over affordability will likely make inflation the top political issue in the coming year, potentially leading to Republicans losing the House in the 2026 midterm elections. He notes that while President Trump has a two-year unimpeded mandate, this can be significantly weakened in the midterms and potentially reversed in the 2028 elections, as long-term single-party control is rare. This potential shift threatens the crypto industry, which has benefited from the Trump administration's tech-focused agenda. Specifically, key pro-crypto legislation like the CLARITY market structure bill might be delayed until 2027 by Democrats anticipating a power shift, as Republicans currently hold only a narrow five-seat majority in the House. Prediction markets suggest Democrats have a high probability of taking control of the House.
(Source：Cointelegraph)