HashKey believes elections will not halt U.S. crypto reform

Traders Union
All News
Crypto
Elections will not halt U.S. crypto reform

All news

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Eugene Komchuk

23 hours ago

HashKey believes elections will not halt U.S. crypto reform — How will the elections affect U.S. crypto reform?

The U.S. midterm congressional elections could complicate the passage of the CLARITY Act, which aims to regulate the cryptocurrency market, but may not necessarily delay reform until 2030. HashKey Group senior researcher Tim Sun told Traders Union in an exclusive comment.

According to the expert, even a shift in the political balance in Congress would not mean an end to legislative efforts. Cryptocurrency market reform continues to enjoy support from both parties, making compromises on individual provisions possible.

"A change in Congress doesn't mean market structure reform is parked until the next presidential term. Reform still has supporters on both sides of the aisle, and deals on specific provisions remain possible. What changes is the cost of getting there: more negotiation, more coordination and a slower path to a final bill," Tim Sun said.

The CLARITY Act aims to establish clear rules for the U.S. cryptocurrency market, including defining the respective regulatory powers of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The bill was approved by the House of Representatives in July 2025 but subsequently faced obstacles in the Senate. In September 2026, it failed to secure the 60 votes needed to advance to consideration. According to JPMorgan analysts, its chances of passing before the end of the year have significantly diminished.

What will change for crypto companies

Tim Sun believes that potential changes in Congress will force industry participants to rethink their approach to advancing legislative initiatives. Rather than expecting further regulatory easing, companies will need to engage more actively with lawmakers from both parties.

"For traders, the bigger shift may be in how the industry spends its energy. Instead of counting on a friendly administration to keep easing rules, firms are likely to put more time and resources into working across a divided Congress. Meanwhile, regulators keep their existing powers, so the rulemaking already underway can keep moving after election night."

Thus, even without new legislation, the SEC and CFTC will be able to continue developing rules under their existing authority. However, such measures are no substitute for comprehensive legislative reform and could be revised in the future.

The results of the November 3 midterm elections will determine the new composition of Congress, which will begin its term in January 2027. The prospects for further progress on the CLARITY Act will depend on lawmakers' ability to reach agreements on contentious provisions.

As a reminder, the U.S. Senate has introduced a new version of the CLARITY Act.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.