Jaret Seiberg, a Washington analyst at TD Cowen, stated that if Democrats achieve a sweeping victory in the congressional elections, the CLARITY Act will not pass in the next two years, and the political environment for cryptocurrencies will deteriorate. Seiberg noted that Democrats might investigate Donald Trump's cryptocurrency-related affairs and block his nominations to the SEC and CFTC. Furthermore, Senator Elizabeth Warren will chair the Banking Committee, and cryptocurrency's influence in Congress could further diminish due to Sherrod Brown's victory.