TD Cowen says Democratic sweep hinders CLARITY Act path
BROBROK News · Based on reporting by Bitcoin Magazine ·
TD Cowen said the Democratic sweep makes a crypto market structure bill like the CLARITY Act unlikely to advance for the next two years. The firm also said investigations tied to Trump-linked crypto ventures could make it even harder to pass a bill the industry would support.
Key points
- TD Cowen expects the Democratic Congress to block a crypto market structure bill.
- The current CLARITY Act would die unless revived in the lame-duck session.
- The firm still expects the SEC and CFTC to stay active on crypto-related issues.
- Potential investigations into Trump family crypto projects could complicate legislation further.
- The report also points to broader political setbacks for the industry in Congress.
Why it matters
The note suggests Washington may remain a regulatory and legislative headwind for crypto, even if agencies keep moving on their own. That leaves market structure rules uncertain for bitcoin and other digital assets.
Original headline: “TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’”
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.