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TD Cowen Suggests Crypto Market Structure Bill Could Be Delayed Until Post-Midterms

TD Cowen Suggests Crypto Market Structure Bill Could Be Delayed Until Post-Midterms

The financial services firm indicates legislative action on U.S. crypto market structure may not proceed until after the upcoming midterm elections.

Fact Check
The statement is strongly supported by the evidence. Source 9 (TIME) explicitly states, 'In October, a researcher for the investment bank TD Cowen wrote that they were “pessimistic” of any crypto legislation getting passed before the 2024 Elections.' This directly corroborates the claim that TD Cowen suggested a delay until after the election. While many other sources are dated in the future (2025), making them unreliable, the credible source from TIME provides direct confirmation.
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Terms & Concepts
  • Crypto Market Structure: The regulatory and operational framework that governs the functioning, trading, and custody of cryptocurrencies within a jurisdiction.
  • Midterm Elections: U.S. federal elections held midway through a president's term, impacting legislative priorities and policy timelines.