[U.S. Midterm Elections Approaching, Polls Show Democrats Likely to Flip the House] As the U.S. midterm elections approach on November 3, Democrats are expected to flip the House of Representatives and gain an advantage in the Senate race. Control of Congress will determine the level of oversight and budget approvals for regulatory agencies such as the SEC and CFTC. The House Ways and Means Committee has advanced a bipartisan crypto tax bill, and Senator Steve Daines has introduced similar tax legislation in the Senate. Fairshake Super PAC and the Digital Freedom Fund have collectively spent over $33 million on advertising. Industry insiders are concerned that if Democrats win the majority, they may issue subpoenas to crypto companies linked to the Trump administration.

Raoul Pal, co-founder of Real Vision, suggests that investors simplify their asset allocation by directly holding the NASDAQ index and Bitcoin, rather than chasing high-risk tokens that are attempting to grow from $100000 to $100 million.

The active management scale of RWA has grown by over 15 billion US dollars within 9 months.

Independent Community Bankers of America is suing OCC in the United States District Court for the District of Columbia, questioning its authority to grant a National Trust Bank license to cryptocurrency companies and requesting the revocation of the final rule and explanatory letter No. 1176 dated March 2, 2026. Rebeca Romero Rainey stated that the relevant licenses enable cryptocurrency companies to obtain the credibility of a federal banking license without being required to comply with federal deposit insurance, capital and liquidity standards, and the requirements of the Community Reinvestment Act. ICBA requests revocation of Protego Holdings' conditional license. The lawsuit involves companies such as Circle, Ripple, Paxos, Fidelity, BitGo, Payward, Block, and World Liberty Financial. Elizabeth Warren accuses the relevant approvals of violating regulations, and OCC plans to complete the GENIUS Act stablecoin rules by November.

In September 2026, the monthly trading volume of Solana's tokenized stocks on the chain exceeded $4.4 billion, setting a new historical high. Since June 2025, the tokenized stock trading activities of various DEXs within the Solana ecosystem have been active, with Raydium and Orca playing a central role in the growth of trading volume.