TD Cowen Investment Bank: Crypto Market Structure Bill May Be Postponed to 2027 for Approval, Implementation Expected by 2029

By: theblockbeats.news|2026/03/29 18:54:31

BlockBeats News, January 6th. According to The Block, investment bank TD Cowen stated that the U.S. legislative process aimed at establishing clear rules for the cryptocurrency market may be longer than expected, with the passage of the relevant bill possibly delayed until 2027, and actual implementation may even be postponed until 2029.

A report released by TD Cowen on Monday pointed out that although there is still a path to push the cryptocurrency market structure bill this year, the political maneuvering in the U.S. Congress makes an extension more likely. The institution believes that the Democratic Party currently lacks the motivation to expedite legislation, especially in its anticipation of regaining control of the House of Representatives in the 2026 midterm elections.

It also stated that election results are always uncertain, so Democrats may reach an agreement, which could happen quickly as staffers have been researching technical terms for months. The timing favors the bill's passage. If the bill is passed in 2027 and takes effect in 2029, the issue will be resolved. The cryptocurrency industry needs to accept that the presidential election may affect the final rules, and Democrats also need to accept that conflict of interest terms do not apply to Trump.

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