TD Cowen: Democratic Congress sweep would stall CLARITY Act for two years

TD Cowen analyst Jaret Seiberg argues that a Democratic sweep of Congress would stall the CLARITY Act for two years, hand Elizabeth Warren the Banking Committee chair, and let Democrats block Trump's nominees to the SEC and CFTC. The CLARITY Act is a key market-structure bill that would define how crypto assets are regulated. Traders should watch the election odds, since a Democratic sweep would delay US crypto legislation and slow appointments to the agencies that oversee digital assets.