TD Cowen: midterms could stall CLARITY Act and test crypto’s political clout
AI summary
TD Cowen warns that next week's midterm elections could stall the CLARITY Act, a crypto market-structure bill, if Democrats sweep. The bank notes that regulators are meanwhile continuing to advance rules favorable to the crypto sector. Traders watching US policy should note that legislative progress on market structure may hinge on the election outcome, even as agency-level rulemaking keeps moving.
