US Midterms on November 3 to Decide Fate of Crypto Regulation After CLARITY Act Failure
- —CLARITY Act failed a September 15 procedural vote 49-50, short of the 60 needed
- —An October 4 CBS News poll suggested Democrats could gain control of the House
- —The House Ways and Means Committee advanced bipartisan crypto tax legislation in September
- —Crypto-backed committees plan roughly $33 million in spending against Sherrod Brown in Ohio
Why it matters: The election outcome will determine whether market structure legislation passes and how the SEC and CFTC regulate the industry into 2027.
Source: UseTheBitcoin
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