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TD Cowen warns midterms could stall crypto CLARITY Act as prediction markets price a Democratic sweep, Bitcoin Magazine reports
- TD Cowen warns midterms could stall crypto CLARITY Act as prediction markets price a Democratic sweep, Bitcoin Magazine reports — TD Cowen analyst Jaret Seiberg warned that next week midterm results could make it difficult for Congress to pass the CLARITY Act over the next two years, in a policy note shared with Bitcoin Magazine. The note cited prediction markets giving Democrats a 90 percent chance of winning the House and a 62 percent chance of winning the Senate, and described a Democratic sweep as the most probable and most negative scenario for crypto. (Bitcoin Magazine)
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