Will the Crypto-Awaited Law in the US Be Rewritten from Scratch? Hopes Diminished After the Election

The Clarity Act, the U.S. crypto market-structure bill that the industry has awaited as its main regulatory framework, is now unlikely to pass in its current form after Democrats won majorities in both chambers of Congress, prompting experts to expect the draft to be rewritten from scratch. Analysts speaking to CoinDesk said post-election hopes for a quick legislative fix have faded, leaving crypto firms without the clear rules on token classification and exchange oversight they had lobbied for. The shift matters because the bill was seen as the sector's best chance to resolve the SEC-CFTC turf war and give exchanges, token issuers and investors a durable compliance path. What to watch next is whether lawmakers restart the drafting process with bipartisan input, how quickly a revised text emerges, and whether enforcement-led regulation fills the gap in the meantime.