Don’t count on the CLARITY Act becoming law before November’s midterm elections. TD Cowen says passage is “far from assured.”
The crypto market structure bill passed the House last year and has cleared two Senate committees. But getting through the full Senate and signed into law by November? That’s a different story. The timeline is tight, the politics are messy, and midterm campaigning will only eat into available floor time.
Republicans hold a slim majority and will need Democratic votes. Ethics provisions and DeFi regulation remain points of contention. The bill could easily stall — or get shelved entirely.
