Democrats’ sweep of Congress likely resets the political calculus for crypto, ushering in a more adversarial approach in Washington and pushing industry-friendly legislation like the Clarity Act to the back burner.

With crypto critics like Sherrod Brown, D-Ohio, returning to the Senate and Sen. Elizabeth Warren, D-Mass., retaining significant influence over financial policy, analysts say the new Congress is likely to focus on scrutinizing President Donald Trump’s personal crypto dealings over supportive industry legislation.

For years, crypto fought an uphill battle in Washington, asking for clear operating rules, but…