A few weeks ago, I explained why I wasn’t particularly worried when Congress failed to advance the CLARITY Act.

The legislation was supposed to establish clearer rules for cryptocurrencies. But even after it stalled in the Senate, the Securities and Exchange Commission (SEC) was moving forward with plans to give crypto companies more freedom to develop new products.

And despite the setback, bitcoin and Ethereum had both climbed more than 10%.

As we’ve seen with artificial intelligence and other disruptive technologies, innovation doesn’t necessarily wait for Washington.

But with the midterm elections now less than two weeks away, there’s another reason investors should be paying attention.

Because while the outcome on…