US Crypto Market Structure Bill could be Delayed until 2027: Report

Investment bank TD Cowen's Washington Research Group predicts that the US digital asset market structure bill, known as the CLARITY Act in the House and the Responsible Financial Innovation Act in the Senate, might not pass Congress until 2027, with implementation potentially in 2029. This delay is attributed to the 2026 midterm elections, as Senate Democrats might withhold support until after the elections due to uncertainty over the balance of power. The bill, which aims to grant the Commodity Futures Trading Commission more authority over digital assets, includes safeguards against conflicts of interest that could prevent government officials, including President Donald Trump and his family, from holding cryptocurrencies. TD Cowen suggests that if the bill passes later, Democrats might need to accept that the conflict provision won't apply to Trump, while the crypto industry must accept that the presidential election could affect the final rules. The bill is currently awaiting markups in the Senate Banking and Agriculture Committees.

(Source：Cointelegraph)