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TD Cowen: The risk of a political stalemate on the crypto bill increases, with progress likely to stall next year

Analysts at investment bank TD Cowen have called for more realistic expectations for the passage of U.S. crypto legislation next year. Jaret Seiberg, managing director of financial services at TD Cowen Washington Research Group, said there is a heightened risk of political gridlock over the cryptocurrency market structure bill FIT21 and the Senate Agriculture Committee bill. Analysts said: "We believe this optimism is misplaced because we believe the voting prospects for both bills are declining...

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2024-08-26 18:58:01
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