TD Cowen: Next Week's Midterms Could Stall the CLARITY Act
- —Prediction markets give Democrats a 90% chance of the House and 62% the Senate
- —The crypto industry has spent $176 million across more than 100 races
- —The Senate blocked the CLARITY Act on September 15 in a 49-50 cloture vote
- —A split Congress would keep Sen. Tim Scott as Banking Committee chair
Why it matters: The CLARITY Act would set federal rules for digital assets, so the election outcome shapes US crypto regulation for years.
Source: Bitcoin Magazine