CLARITY Act Hinges on Midterm Elections as Bitcoin Activity Remains Steady

The fate of the CLARITY Act in the US Congress now hinges on the outcome of the upcoming midterms, scheduled for November 3.

Republicans are pushing to pass the bill before Election Day, as they see it as a key policy achievement that will help them win over voters. The legislation aims to clarify regulatory roles for the SEC and CFTC, while strengthening protections for digital asset customers nationwide.

However, Democrats have expressed concerns about weaker ethics rules, AML measures, and conflict-of-interest oversight in the bill. They want clearer rules governing government officials with personal crypto holdings, which has become a sticking point in bipartisan talks.

With midterm elections approaching, pressure is mounting on lawmakers to finalize the bill before voters head to the polls. Passing the CLARITY Act would allow Republicans to tout it as a major accomplishment, but Democrats may seek stronger protections and measures if they retain control of the House after November 3.