TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’
TD Cowen says the Democratic sweep of Congress makes a crypto-backed CLARITY Act market structure bill effectively impossible for the next two years, and may rule out any version the industry would support. Analyst Jaret Seiberg called the outcome negative for crypto sectors. He still expects the SEC and CFTC to keep pushing deregulatory agendas, including on crypto, prediction markets and perps.
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