TechFlow News, March 18: According to The Block, investment bank TD Cowen released a research report on March 17 stating that the legislative window for the Cryptocurrency Market Structure Act (the CLARITY Act) could extend through August—when Congress goes into recess—countering market expectations that legislation must be finalized before the Easter recess.
Jaret Seiberg, Head of TD Cowen’s Washington Research Team, noted that the Easter recess holds no special significance; legislative work can proceed both before and after the recess. Moreover, with primary elections concluded, some lawmakers’ negotiating flexibility is expected to increase. Seiberg identified the August recess as the sole critical deadline: the House of Representatives will adjourn on July 23, and the Senate on August 8. Thereafter, Congress has only 12 working days in September and just two in October—time primarily reserved for finalizing appropriations and the National Defense Authorization Act—leaving virtually no room to advance cryptocurrency legislation.
