Democratic sweep threatens CLARITY Act as Bitget Wallet expects limited impact on crypto trading
Photo: Crypto Briefing
Bitget Wallet research lead Lacie Zhang expects delays to crypto market structure legislation and increased congressional oversight, but little immediate disruption to trading. Democrats’ victory in both chambers of Congress could delay comprehensive crypto market structure legislation and increase industry scrutiny, although trading and product access should remain largely unchanged, according to Lacie Zhang, research lead at Bitget Wallet. In commentary shared with Crypto Briefing, Zhang said the shift in congressional control changes the political outlook for crypto without immediately affecting existing regulations, as federal agencies remain under the current administration.
Source: Crypto Briefing
