COINDESK · 2026-11-04 16:13 UTC

U.S. Democratic sweep could be the final nail in the 'Clarity Act's coffin'

Democrats won control of both U.S. chambers in midterm elections, dealing a major blow to the crypto industry's Clarity Act regulatory framework. Industry experts say the bill is now 'dead in the water' after failing to advance even when Republicans controlled Congress and crypto PACs spent $170.5 million on elections. Democrats are expected to increase scrutiny of crypto firms through hearings and investigations, though some industry figures see opportunity for bipartisan regulation with stronger safeguards.

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