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TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’

By Micah Zimmerman

Bitcoin Magazine TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’ The Democratic sweep and Sherrod Brown’s return may kill the CLARITY Act for two years and may make any industry-backed version impossible as Democrats investigate Trump’s crypto ties, TD Cowen analysts write. This post TD…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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