U.S. Cryptocurrency Market Structure Bill Delayed Until 2027 Due to Conflict of Interest Issues, Predicts TD Cowen

According to a report by The Block on the 5th, investment bank TD Cowen has indicated that the enactment of the U.S. Cryptocurrency Market Structure Bill, also known as the Clarity Bill, could be delayed until 2027, with final regulations possibly not being implemented until 2029. A report released by the bank's Washington Research Group, led by analyst Jarrett Seiberg, suggests that political disputes over conflict of interest clauses demanded by the Democratic Party are making it difficult to pass the bill this year. To pass the bill, 60 votes are required in the Senate, and even if all Republicans agree, the support of at least seven Democratic senators is necessary. In reality, some...