Republican sweep in U.S. election would be most bullish outcome for Coinbase and crypto market: Citi. (Fox News/Modified by CoinDesk) Republican sweep in U.S. election would be most bullish outcome for Coinbase and crypto market: Citi. (Fox News/Modified by CoinDesk) © Aoyon Ashraf A potential Republican sweep of both houses of Congress would be the most bullish outcome for Coinbase and crypto markets, according to the report. According to Citi, a Harris victory and a divided Congress would lead to more uncertainty in the digital asset space. The bank cut its Coinbase price target to $275 from $345 while maintaining its buy rating on the stock. A Republican victory in the upcoming US election would be the most bullish outcome for both Coinbase (COIN) and the broader crypto market,

 Republican sweep in U.S. election would be most bullish outcome for Coinbase and crypto market: Citi. (Fox News/Modified by CoinDesk)

Republican sweep in U.S. election would be most bullish outcome for Coinbase and crypto market: Citi. (Fox News/Modified by CoinDesk)

© Aoyon Ashraf

A potential Republican sweep of both houses of Congress would be the most bullish outcome for Coinbase and crypto markets, according to the report.

According to Citi, a Harris victory and a divided Congress would lead to more uncertainty in the digital asset space.

The bank cut its Coinbase price target to $275 from $345 while maintaining its buy rating on the stock.

A Republican victory in the upcoming US election would be the most bullish outcome for both Coinbase (COIN) and the broader crypto market,