TD Cowen says Democratic Congress could stall CLARITY Act
BROBROK News · Based on reporting by Bitcoin Magazine ·
TD Cowen says a Democratic sweep of Congress would likely block the CLARITY Act for the next two years and weaken the political backdrop for crypto. The note also points to possible investigations tied to Trump and a bigger Senate role in shaping crypto oversight through key agencies.
Key points
- TD Cowen expects Democrats to win both chambers, based on polls and prediction markets.
- The firm says scrutiny of Trump and his crypto ties would sour the policy climate for crypto.
- The CLARITY Act passed the House but failed a Senate cloture vote.
- If it is not enacted before the new Congress, the bill would expire and need to be reintroduced.
- Senate control could reshape leadership at the SEC, CFTC and FDIC.
Why it matters
The report highlights how the election outcome could determine the pace of U.S. crypto legislation and agency leadership changes. That makes the Senate vote especially important for the industry's regulatory outlook.
Original headline: “TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years”
Read the original on Bitcoin Magazine
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.