Wu Blockchain (@WuBlockchain): TD Cowen said U.S. crypto market structure legislation could see progress this year, but is more likely to pass in 2027, with final rules potentially…
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TD Cowen said U.S. crypto market structure legislation could see progress this year, but is more likely to pass in 2027, with final rules potentially taking effect as late as 2029. The note said a key hurdle is debate over conflict-of-interest provisions, with Democrats seeking to restrict senior officials, including President Trump, and their family members from holding or operating crypto businesses. To secure passage, TD Cowen said the provision could be delayed by around three years so it would not apply to the Trump administration. https://x.com/TheBlock__/status/2008305224574709932?s=20