TD Cowen: The U.S. crypto market structure bill may need to wait until after the midterm elections.

PANews, October 14 - According to The Block, analysts at TD Cowen pointed out in a report released on Monday that U.S. Senators are moving slowly on legislation regarding the structure of the cryptocurrency market, which may delay the passage of the bill until after the midterm elections. Fundamental disagreements between Republicans and Democrats over the allocation of regulatory authority and restrictions on DeFi are making it difficult to set a review schedule. The report noted that the Democrats' proposed ban on government officials holding crypto assets is a major obstacle, directly targeting the controversy surrounding the Trump family's profits through projects like World Liberty Financial. Although procedural disputes do not constitute substantial barriers, analysts believe that Senators are more inclined to delay a vote. The limited session of the Senate and the political considerations of the midterm elections further diminish the urgency of the legislation. TD Cowen analyst Jaret Seiberg stated, “We do not think that action cannot be taken within the next 12 months; our view is that the reasons for Senators to delay action outweigh the reasons for swift advancement.”