Next Week’s Midterms Could Stall the CLARITY Act and Test Crypto’s Political Clout: TD Cowen
By Micah Zimmerman
AI summary of the source article
A policy note from TD Cowen warns that upcoming midterm election outcomes could make it difficult for Congress to pass the CLARITY Act. The crypto industry has spent $176 million across more than 100 races to influence the outcome.
Why it matters
The CLARITY Act "would set the rules for bitcoin and other digital assets," and when the Senate previously blocked the bill, "Bitcoin-related stocks tumbled."
Key facts
- TD Cowen warned the midterm results could stall the CLARITY Act over the next two years.
- The crypto industry has spent $176 million on over 100 election races.
- The CLARITY Act stalled after a Senate cloture vote failed 49-50 on September 15, following House passage in July 2025.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Next Week’s Midterms Could Stall the CLARITY Act and Test Crypto’s Political Clout: TD Cowen TD Cowen says a Democratic sweep would stall the CLARITY Act, while regulators keep advancing rules that favor the crypto sector. This post Next Week’s Midterms Could Stall the CLARITY Act and Test Crypto’s Political Clout: TD Cowen first appeared on Bitcoin Magazine and is written by Mica…