Grayscale predicts continued growth in virtual assets even with Democratic control of both chambers

Grayscale said the crypto industry's growth will continue even after Democrats swept both chambers in the U.S. midterm elections, with research head Zach Pandl arguing the sector's foundations run deeper than the prior Congress's legislative efforts. Pandl characterized the industry as bipartisan, globally distributed, and increasingly institutional, reducing its dependence on any single party. Grayscale has estimated that 80-85% of global crypto activity occurs outside the U.S., though it calls that figure an illustrative calculation and notes some metrics cover all of North America rather than the U.S. alone. The comments matter because they push back on the view that digital-asset momentum hinges on U.S. election outcomes and legislative control. Watch for whether a divided or unified Washington advances market-structure legislation, and for Grayscale's own fund flows and product moves as a read on institutional demand.