Midterm Vote Could Delay the CLARITY Act, TD Cowen Says
TD Cowen says a Democratic sweep in next week's midterms could stall the CLARITY Act. Meanwhile, regulators are still advancing rules that favor the crypto sector. For traders, the election result may affect how much political support crypto gets.
Why it matters
- A Democratic sweep could slow the CLARITY Act, according to TD Cowen.
- Regulators keep moving forward with rules that favor the crypto sector.
- The midterm outcome could test how much political influence crypto has.
What to watch next
Watch next week's midterm results and any news on whether the CLARITY Act moves forward.
