The Democratic takeover of both chambers of the US Congress could delay the CLARITY Act for at least two years, according to analyst Ash Crypto. In September, Republicans failed to secure the 60 votes needed to advance the bill in the Senate, and Democrats’ gain of seven House seats has made their support essential for major pro-crypto legislation. The sector could therefore experience a pause in institutional adoption as banks and large investors wait for clearer federal rules. Ash Crypto also notes that Democrats could tighten regulation of digital assets and crypto exchanges, potentially pushing some industry participants offshore.
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