Crypto industry looks beyond US midterm elections

crypto industry: The crypto industry comprises companies, investors, advocacy groups, and political organizations involved in digital assets and blockchain technology. It is relevant here because industry-backed political groups are supporting bipartisan congressional candidates and seeking to revive stalled legislation that would establish clearer federal rules for digital assets after the midterm elections. Legislation: The industry’s principal market-structure proposal, the CLARITY Act, recently failed to advance in the Senate, reducing the likelihood of major federal crypto legislation in the near term. Policy outlook: Recent reporting indicates that the industry expects limited progress on major crypto legislation over the next two years and is therefore maintaining political influence for a future legislative window. Political strategy: Crypto-aligned political groups are backing candidates from both major parties in House races, indicating a strategy focused on shaping the next Congress rather than relying solely on legislation before the midterm elections.