TD Cowen: The U.S. crypto market structure bill may be postponed for a vote until after the midterm elections

ChainCatcher news, TD Cowen analysts stated in a recent report that the U.S. Senate is making slow progress in advancing cryptocurrency market structure legislation, and the passage of the bill may be delayed until after the midterm elections.

The report pointed out that there are fundamental disagreements between Democrats and Republicans regarding the division of regulatory authority and the restrictions on DeFi, which have become the main obstacles to the current review. Among them, the provision proposed by Democrats to prohibit government officials from holding crypto assets is seen as a sensitive issue, involving controversies over the Trump family's profits through projects like World Liberty Financial. TD Cowen analyst Jaret Seiberg stated that senators are not unable to take action within the next 12 months, but from a political consideration and limited session perspective, "the reasons for their delay far outweigh the reasons for swift advancement."