Records on XRP pricing and congressional action show no verified link between a possible Democratic gain in Congress and a rally, while a procedural vote on a major crypto bill failed in September.
Coinbase’s currency converter displayed XRP at $1.32 on Oct. 27. The page did not specify a time zone, so the figure is an indicative quote rather than a confirmed market close. The available records do not connect a possible change in congressional control to XRP’s price.
Congressional elections fall on a Tuesday in early November every even-numbered year under federal law. USAGov says the Nov. 3 result will set the party balance in both chambers for the coming two-year congressional term. A change in control could affect legislative priorities, but that does not establish a price effect for XRP.
On Sept. 15, senators rejected a motion to invoke cloture on proceeding to H.R. 3633, the Digital Asset Market Clarity Act, by 49-50, with one senator not voting. The motion needed three-fifths support. It was a procedural vote, not a decision on final passage. The bill would create a system for regulating offers and sales of digital commodities by the Securities and Exchange Commission and Commodity Futures Trading Commission.
Cynthia Lummis, chair of the Senate Banking Digital Assets Subcommittee, said Sept. 14, “After a year of intense daily bipartisan negotiations, this bill is ready.” The Senate’s cloture vote failed the next day.
Federal Election Commission records list $169,511,723.22 in Fairshake disbursements from Jan. 1, 2025, through Oct. 14, 2026. The total includes $139 million in transfers to affiliated committees, $19,412,478.15 in independent expenditures and $11,099,245.07 in operating expenditures. Fairshake describes its candidate support as part of its push for clearer blockchain rules.
Reuters reported Tuesday that the crypto industry had spent about $176 million across more than 100 midterm races. That sector-wide estimate covers a different scope from the Federal Election Commission’s figures for Fairshake, a single committee.
The Federal Open Market Committee’s calendar lists the end of its two-day meeting and a press conference for Wednesday, Oct. 28. Election Day is Nov. 3.
