Crypto Market Structure Legislation Faces Prolonged Delays Amid Political Disputes
U.S. crypto market structure legislation is unlikely to pass before 2027, with full enforcement potentially delayed until 2029, according to a TD Cowen report. The bill, designed to establish regulatory oversight for digital assets, has encountered significant political hurdles. Conflict-of-interest provisions targeting senior government officials—including former President Donald Trump and his family—have emerged as the primary sticking point.
Democrats are pushing for stringent ethics rules, while Republicans resist these measures. The Senate's 60-vote threshold for passage further complicates progress in a divided Congress. "This has become one of the bill’s most contentious elements," noted Jaret Seiberg, managing director at TD Cowen. Extended rulemaking processes could push implementation into the next decade.
