TD Cowen projects US crypto market structure bill may slip to 2027 with rules in force by 2029

Analysts at TD Cowen's Washington Research Group warn that US crypto market structure legislation might not be approved until 2027, with implementation potentially stretching to 2029. They attribute the risk of delay to election dynamics and disputes in Congress over conflict-of-interest rules tied to President Donald Trump and his family, even as some lawmakers still see a path for passage this year.