Summary
- TD Cowen said it expects the passage of the CLARITY Act, a market-structure bill for digital assets, could be delayed beyond expectations.
- Jaret Seiberg said the timing of passage could be before the August congressional recess or after it, and in some cases could be pushed back to 2027.
- He added that the legislative schedule could be further delayed depending on changes in the balance of power in Congress after the year-end primaries and the midterm elections.
Forecast Trend Report by Period
U.S. investment bank TD Cowen said passage of the 'CLARITY Act,' a market-structure bill for digital assets (cryptocurrencies), could be delayed beyond expectations.
According to The Block, a digital-asset industry outlet, TD Cowen Managing Director Jaret Seiberg said on the 17th (local time) that he "does not agree with claims that the bill must be finalized before the Easter congressional recess."
He explained that the timing for passage remains open—before the August congressional recess or even after—and that, depending on circumstances, the possibility of it being pushed back to 2027 cannot be ruled out.
Seiberg said, "It is not a situation where an agreement is essential within a few weeks," adding, "Once the year-end primaries are wrapped up, some lawmakers may become more flexible in negotiations, which could actually make the legislative process easier."
He also added that if the balance of power in Congress changes after the midterm elections, the legislative timetable could be further delayed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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