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TD Cowen: US Crypto Market Structure Bill May Be Postponed Until After Midterm Elections
Summary: According to TD Cowen analysts, progress on legislation regarding the structure of the US cryptocurrency market has been slow in the Senate, and the timing of the bill's passage may be postponed until after the midterm elections. The report highlights fundamental disagreements between Democrats and Republicans on regulatory authority and DeFi restrictions as the main ...
According to TD Cowen analysts, progress on legislation regarding the structure of the US cryptocurrency market has been slow in the Senate, and the timing of the bill's passage may be postponed until after the midterm elections. The report highlights fundamental disagreements between Democrats and Republicans on regulatory authority and DeFi restrictions as the main obstacles to current deliberations. The provision proposed by Democrats to prohibit government officials from holding cryptocurrency assets is seen as a sensitive issue, involving controversies over profits made by the Trump family through projects like World Liberty Financial. TD Cowen analyst Jaret Seiberg stated that while senators may still take action within the next 12 months, political considerations and limited session time mean 'they have far more reasons to delay than to move quickly.' (The Block)
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Link: TD Cowen: US Crypto Market Structure Bill May Be Postponed Until After Midterm Elections [Copy]
