Tom Lee: Democrats Opposed Crypto Legislation Before the Election, Now Push for Its Passage Fundstrat Managing Partner Tom Lee stated on CNBC on November 4th that one reason for the rise in cryptocurrencies is the shift in the Democratic Party's stance: from opposing crypto legislation before the midterm elections to now wanting to genuinely push for its passage. This primarily refers to the Crypto Markets Structure Act (CLARITY Act). This bill was blocked in a procedural vote in the Senate on September 15th by a vote of 49 to 50, far short of the 60-vote threshold. Tom Lee predicted more than a month ago that after the election, Democrats would shift their support to the bill and data center construction. [https://(x.com)/pete_rizzo_/status/2118083689733079078/video/1](https://x.com/pete_rizzo_/status/2118083689733079078/video/1)