TD Cowen says crypto bill unlikely to pass this year amid worsening political environment
The Block
Investment bank TD Cowen predicts that the crypto market structure bill faces significant hurdles and is unlikely to pass this year.Summary
TD Cowen's Washington Research Group, led by Jaret Seiberg, reports that the prospects for the Clarity Act are dimming due to a deteriorating political climate. Recent controversies involving President Donald Trump, including a high-profile legal settlement and allegations of conflict-of-interest, have made it politically difficult for Democrats to support the bill without stringent new provisions. Consequently, lawmakers may delay action, potentially pushing legislative progress into 2027.
(Source：The Block)