With the Democrats' victory in the US midterm elections, Sherrod Brown returned to the Senate, and Elizabeth Warren continues to wield influence in financial policy. The new Congress is focusing its attention on scrutinizing President Trump's personal crypto business and World Liberty Financial, rather than pushing for the CLARITY Act.
Sharplink CEO Joseph Chalom predicts the CLARITY bill may be stalled until 2028, while TD Cowen analyst Jaret Seiberg believes the bill is unlikely to make progress in the next two years. Industry insiders such as Circle suggest that the crypto industry is bipartisan, and areas like stablecoins and tokenized stocks can still make progress through existing laws and regulatory rules. (Source: CNBC)
