Democrats Sweep Congress, Leaving Crypto's CLARITY Act in Limbo

Democrats took both chambers of Congress, according to CoinDesk, and that changes the math for crypto legislation in Washington. The CLARITY Act, which had already stalled in the Senate in September, now faces a much murkier path forward. Its fate is suddenly anyone's guess.

The bill had been the industry's big bet on getting clearer rules written into law. It sat stuck in the Senate for months before the election results landed. Now the same lawmakers who will decide its future are answering to a new majority.

On the market side, Bitcoin ETFs saw $430 in outflows, CoinDesk reported. That's money heading for the exits while the political picture churns. ETF flows have become one of the loudest scoreboards for institutional appetite in crypto.

Canary Capital launched an INJ ETF, adding another single-asset fund to the growing pile of crypto-tracking products. It's a sign that issuers keep building even as Washington stays messy. The INJ ETF gives investors a new wrapper for Injective exposure.

So the scoreboard reads: policy in flux, ETF money moving, and product launches marching on. Crypto's Washington watch just got a lot more interesting. Everyone from exchanges to fund issuers is recalibrating for a Congress that looks nothing like the one the CLARITY Act was written for.