Crypto
CLARITY Act Hangs in Balance as Midterm Elections Loom
The CLARITY Act's fate hangs in the balance as the US midterm elections approach on November 3. Republicans are pushing for its passage before election day, hoping to claim a policy win and present clearer crypto rules to voters.
The bill aims to define regulatory roles for the SEC and CFTC while strengthening protections for digital asset customers nationwide. However, Democrats want stronger ethics rules, AML measures, and conflict-of-interest oversight included in the legislation.
A split Congress after midterms would likely extend negotiations rather than end the bill, as a divided legislative branch changes the negotiating table for digital asset rules.