CLARITY vote failure could stoke more crypto PAC spending in key races
Control of the US House and Senate is up for grabs in 2026, and some advocates speculate that the crypto industry could ratchet up attempts to sway elections after the CLARITY vote.
Control of the US House and Senate is up for grabs in 2026, and some advocates speculate that the crypto industry could ratchet up attempts to sway elections after the CLARITY vote.
Last week’s US Senate failure to advance a digital asset market structure bill could light a fire under cryptocurrency industry groups seeking to sway key congressional races in the 2026 US midterm election that‘s just 42 days away.
Senators on Sept. 15 voted 49 in favor and 50 against advancing the Digital Asset Market Clarity (CLARITY) Act, significantly reducing the chances of Congress passing the legislation with limited days in session before 2027.
Steve Gannon, a partner at law firm Davis Wright Tremaine, told Cointelegraph that the CLARITY vote “provided the industry with a very clear picture of who are long-term reliable supporters and who are not,“ adding: