TD Cowen urges realistic expectations for U.S. crypto legislation next year

Investment bank TD Cowen has called for more realistic expectations for the passage of crypto legislation in the United States next year, ChainCatcher reported.

TD Cowen says there is an increased risk of political deadlock on the cryptocurrency market structure bill FIT21 and the Senate Agriculture Committee bill. We believe optimism is misplaced as voting prospects for both bills are declining this year.

And there’s a growing risk that the bill will get bogged down politically next year, which we’re also skeptical about regardless of the election.