Bitcoin

The race for Texas Senate is critical for determining control of the US Senate in the latter half of Trump's presidency. A more conservative candidate like Paxton could lead to sharper partisan divides, potentially delaying crypto-friendly legislation or creating regulatory gridlock. In a market already in extreme fear (Fear & Greed 25), any incremental political uncertainty reinforces risk-off sentiment.

Ken Paxton defeated incumbent John Cornyn in the Texas Senate primary election.

Paxton Ousts Cornyn in Texas Primary, Shifting Senate Control Calculus

Paxton's Texas primary win is actually bearish for Bitcoin because it reduces the odds of regulatory gridlock, which historically protects crypto from rushed legislation.