Key facts
- A Democratic sweep in the upcoming midterms could stall the CLARITY Act.
- Regulators are continuing to advance rules that favor the crypto sector.
TD Cowen analysts believe that the upcoming midterm elections could significantly impact the future of the CLARITY Act, a piece of legislation concerning the cryptocurrency industry. According to the firm's assessment, a decisive victory for the Democratic party in the midterms would likely result in the stalling of the CLARITY Act. Concurrently, the firm notes that regulatory bodies are continuing to implement rules that are perceived as beneficial to the crypto sector.