CNBC · 2026-11-05 14:24 UTC

Democratic sweep puts crypto on defensive in Washington

Democrats' sweep of Congress likely shifts crypto policy toward a more adversarial approach, with crypto critics like Sherrod Brown returning to the Senate and Elizabeth Warren retaining influence over financial policy. The Clarity Act and other industry-friendly crypto legislation are expected to stall, with Democrats likely to focus on investigating Trump's personal crypto dealings rather than supporting comprehensive market structure bills. Despite political headwinds, crypto has achieved financial integration that may be difficult to reverse, and a record number of pro-crypto members are…

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