Giancarlo: Democrats may rewrite CLARITY Act and dare Trump to veto it

Former CFTC Chairman Chris Giancarlo said Democrats could draft their own version of the CLARITY Act once they take control of Congress in January, effectively daring President Donald Trump to veto it. The CLARITY Act is a market structure bill that would shape how crypto assets are classified and regulated in the US. Traders should watch the legislative calendar because a rewritten bill could shift compliance costs and token classifications for exchanges and issuers.