Regulation· ★★★· neutral·

Crypto donors weigh punishing Democrats or protecting Senate alliances after CLARITY Act defeat

  • —Senate blocked CLARITY Act advancement on Sept. 15 in 49-50 vote; all Democrats and 4 Republicans opposed
  • —Crypto industry has spent over $300 million across current and previous election cycles
  • —Fairshake endorsed 32 House candidates: 19 Republicans and 13 Democrats
  • —Fairshake committed $30 million to oppose Sherrod Brown's Senate return
Why it matters: The election outcome will determine whether the crypto industry retains bipartisan support needed to pass digital asset regulation.
Source: DiarioBitcoin