U.S. Crypto Market Structure Bill Faces Political Delays, Potential 2027 Timeline
TD Cowen's analysis suggests congressional efforts to establish clear cryptocurrency regulations may stall until 2027, with full implementation potentially extending to 2029. Political dynamics—including election cycles and Senate vote requirements—are creating legislative bottlenecks.
Democrats currently hold leverage to slow progress, while conflict-of-interest rules involving former President TRUMP complicate negotiations. Even if passed, the phased implementation of market rules could span years, leaving the industry in regulatory limbo.
The delay reflects broader tensions between innovation and oversight in Washington, where crypto remains a partisan flashpoint. Market participants anticipating near-term clarity may need to recalibrate expectations.
