CLARITY Act faces new pressure from Ohio Senate race
The battle for the open Senate seat for the state of Ohio could impact the chances of the CLARITY Act, the crypto-friendly legislation that has been in the works since last year, finally landing this year, according to Galaxy Digitals Alex Thorn. The race is tightly contested, with Republican incumbent Jon Husted set to potentially face off with former Democratic Senator Sherrod Brown, who‘s expected to win his party’s nomination. If Democrats succeed, the CLARITY Act will likely face a far rougher path. Why is Sherrod Brown bad for the CLARITY Act? According to Galaxy Digitals Alex Thorn, if Democrats take the Senate and Brown wins Ohio, he could reclaim the Banking Committee chairmanship, a position he held from 2021 to 2025. If Democrats take the Senate but Brown loses, Sen. Elizabeth Warren would be next in line to lead the panel. Thorn sees both outcomes as hostile territory for digital-asset legislation. Brown earned an “F” rating from Stand With Crypto, which labeled him “strongly against crypto” based on 17 public statements and his vote against the SAB 121 resolution in May 2024. Democrat candidate Sherrod Browns recent comments have not improved his crypto rating. Source: Stand With Crypto. As banking chair during the Biden administration, he blocked