TechFlow news, on January 6, according to The Block, TD Cowen predicts that the U.S. cryptocurrency market structure bill may be delayed until 2027 before it can be passed, with final rules potentially taking effect in 2029. TD Cowen's Washington research group noted that Democrats may push for conflict-of-interest provisions that restrict senior government officials, including President Trump, from owning or operating cryptocurrency businesses, which has become a major obstacle to legislation. Experts suggest delaying the conflict-of-interest provisions by three years to make them inapplicable to the Trump administration. The bill requires support from at least seven Democratic senators to pass, and political divisions have increased the difficulty of its passage this year. The cryptocurrency industry hopes the bill will take effect during the Trump administration, while Democrats prefer to delay legislation. Policy experts believe there is a 50%-60% chance the bill will become law by 2026.
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