TD Cowen: Political Environment Deteriorates, U.S. Crypto Market Structure Bill Less Likely to Pass This Year
Odaily Planet Daily News Investment bank TD Cowen stated that as the relevant political environment continues to deteriorate, the likelihood of the U.S. crypto market structure bill, the
TD Cowen analyst Jaret Seiberg pointed out that while the Senate Banking Committee advanced the bill earlier this month, this does not indicate a substantive bipartisan agreement; instead, it merely pushes the controversy to the full Senate level.
The report stated that the ongoing controversy surrounding U.S. President Donald Trump and his administration's recent crypto-related matters is making it harder for Democrats to support the bill. If the bill does not include explicit conflict of interest provisions, obtaining sufficient support in the current political environment will become even more difficult.
