If crypto goes back to the congressional drawing board, 3 Democrat women loom large
The Democrats who may get a bigger say in future crypto legislative efforts are familiar figures, and they generally look at digital assets with distrust.
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Summary
- If the crypto Clarity Act sinks this year, the same four congressional committees that worked on it will be central to whatever happens in the new session of Congress, and odds favor at least two of them being run by Democrats critical of crypto.
- The U.S. House of Representatives is the most likely to flip to Democrat control, which could leave Representative Maxine Waters in charge of the House Financial Services Committee and Shontel Brown running the House Agriculture Committee — both of them with histories opposing crypto bills.
- For the industry, it potentially gets significantly worse if the Senate also changes hands.
