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The U.S. midterm elections do not involve choosing a president, but they are simultaneously attracting attention from both the crypto industry and financial markets. On one side, crypto-related PACs are investing large sums of money in congressional elections to support candidates they endorse or oppose those they do not; on the other side, the market is discussing historical statistics such as "the probability of the U.S. stock market rising about 95% one year after midterm elections" and "BTC's past bear market lows all occurred after midterm elections." #With the U.S. midterm elections approaching, which outcomes are worth watching? Why does the crypto industry place such importance on an election that does not choose a president? Can these historical trends be used to predict the next market moves? ❶ Why is Crypto heavily investing in the midterm elections? The key lies in congressional seats. The U.S. midterm elections involve all 435 seats in the House of Representatives and about one-third of the Senate seats. The election results may change the majority party composition in both chambers of Congress, and legislative issues related to digital asset market structure and taxation are closely tied to Congress. Therefore, for the crypto industry, the midterm elections are not only about the victory or defeat of individual candidates but also affect the future composition of Congress and the legislative environment for related policies. 📌 According to CoinDesk, as of before the election, the combined election-related spending of three major crypto industry super PACs was about $170 million, including approximately $154 million spent by Fairshake and its affiliated organizations. These funds are used for election activities such as advertising, mail, and text messages to support or oppose different congressional candidates. Therefore, what deserves attention is not