TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years
TD Cowen's Washington analyst Jaret Seiberg says a Democratic sweep of Congress would likely stall the CLARITY Act for two years and worsen the political climate for crypto. He notes polls and prediction markets favor Democrats taking both chambers. The House passed the bill 294-134 in July 2025, but it failed to clear the Senate, so the outlook for crypto market-structure legislation matters to traders.