Clarity Act Unlikely to Pass Before November Midterm Elections, TD Cowen Says

According to The Block, TD Cowen analysts said on June 30 that the Clarity Act faces significant hurdles to passage before November midterm elections. The Senate is expected to begin reviewing the bill during the week of July 13, with July 24 as a critical deadline before the House adjourns in August. TD Cowen's Jaret Seiberg questioned whether the bill could be approved before the midterm elections if not passed by then. Major obstacles include uncertainty over Donald Trump's stance, Democratic demands to ban government officials and their families from owning crypto businesses, and law enforcement concerns about regulatory gaps.
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