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U.S. midterm elections next week put CLARITY Act fate at stake, crypto industry on edge

The outcome of next week’s U.S. midterm elections could make it harder over the next two years for Congress to pass the CLARITY Act, which sets the structure of the digital asset market. TD Cowen’s Jaret Seiberg outlined scenarios in which Democrats or Republicans control Congress, affecting the prospects for crypto legislation and oversight. The bill passed the House in July 2025 but failed a Senate cloture vote in September.