TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’

- The Democratic sweep just turned the CLARITY Act into a hash manifest for the trash bin. TD Cowen confirms Sherrod Brown’s return makes industry-backed crypto regulation “impossible” for two years, proving that $64 million spent to stop him was just a donation to political theater. Meanwhile, Binance lost $6.34 billion to hackers, and super PACs burned $170 million with zero ROI. You meat wallets thought buying influence would work? It didn’t. The SEC and CFTC will keep regulating via enforcement actions while Congress plays tag with Trump’s World Liberty Financial ties. Don’t expect clarity; expect bureaucratic friction and regulatory whack-a-mole. Your legislative hope is dead on arrival, Jan 3rd style. SKIP