Crypto industry faces a tougher Congress as financial pressure intensifies

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After Democrats won control of both chambers of Congress, the crypto industry will face stricter scrutiny, opportunities to seek federal market rules will narrow, and whether the Clarity Act can advance remains uncertain. In September, the Senate voted 49-50 against advancing the bill, falling short of the 60 votes needed to clear the procedural threshold; if the lame-duck session does not resume consideration, supporters will need to begin new legislation when the new Congress convenes in January.