What a Democratic Congress means for the CLARITY Act, stablecoins and swipe fees

Elizabeth Warren and Maxine Waters are in line to control the committees that will control the future of the CLARITY Act, while the Credit Card Competition Act heads into the new Congress without either of its Senate authors. The CLARITY Act has until 3 January 2027 to pass in its current form, after which a Democratic Congress will decide what US crypto market structure law looks like. Democrats won the House and Senate in Tuesday’s midterm elections, and the bill they are set to inherit failed a 49-50 Senate vote on 15 September, which leaves the lame-duck session as the…