Citi analysts noted that a Republican sweep would accelerate digital asset reform and bring certainty, as their support is more favorable towards pro-crypto regulations.
A divided Congress with a Harris presidency would create uncertainty for crypto markets, limiting significant policy advancements and leaving pro-crypto initiatives at risk of stagnation.
Despite potential challenges, the report indicates that a mixed Congress could still produce favorable conditions for Coinbase and support digital asset growth.
Citi has adjusted its price target for Coinbase but maintains a buy rating, reflecting confidence amidst the potential political changes impacting the crypto landscape.
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