Tether exec says US midterms could be watershed for crypto policy

The upcoming U.S. midterm elections could be a significant turning point for the cryptocurrency industry, predicted Jesse Spiro, Head of Government Relations at Tether. Speaking at a panel discussion at Consensus Miami 2026, Spiro noted that while there has been significant progress and positive change over the past year, citing the passage of the Stablecoin Regulation Act (GENIUS Act) and CLARITY, the situation could always be reversed. He warned that the midterm elections scheduled for later this year could have a seismic impact on the direction of the crypto industry. At the same time, Spiro added, pro-crypto groups are preparing to inject substantial political funding.