A comprehensive U.S. crypto market structure bill could face significant delays, with passage pushed to 2027 and full implementation not arriving until 2029, according to TD Cowen.A comprehensive U.S. crypto market structure bill could face significant delays, with passage pushed to 2027 and full implementation not arriving until 2029, according to TD Cowen.
TD Cowen: U.S. Crypto Market Structure Bill May Slip to 2027, Implementation to 2029
News Brief
A comprehensive U.S. crypto market structure bill could face significant delays, with passage pushed to 2027 and full implementation not arriving until 2029, according to TD Cowen.
A comprehensive U.S. crypto market structure bill could face significant delays, with passage pushed to 2027 and full implementation not arriving until 2029, according to TD Cowen.
What TD Cowen Is Saying
The firm cites:
- Legislative complexity around defining digital assets
- Jurisdictional disputes between regulators
- Heavy rule‑writing requirements after passage
- Election‑cycle dynamics slowing bipartisan progress
Even once a bill passes, multi‑year implementation timelines are typical for financial regulation.
Why This Matters for Crypto
A delay means:
- Continued regulatory uncertainty for U.S. crypto firms
- Ongoing reliance on enforcement and court rulings
- Slower onboarding of banks and institutional capital
- Competitive pressure as activity shifts offshore
For builders, the wait is not just political—it’s operational.
The Reality of Implementation Lag
Large financial laws rarely take effect immediately:
- Agencies must draft detailed rules
- Public comment periods extend timelines
- Legal challenges can further delay enforcement
A 2029 implementation date would align with historical precedent.
What Happens in the Meantime
- Incremental progress via court decisions
- Guidance and exemptions from regulators
- State‑level frameworks and pilot programs
- Firms structuring conservatively to manage risk
Markets may adapt—but at a cost.
Bottom Line
TD Cowen’s outlook suggests the U.S. is still years away from comprehensive crypto market structure rules. If passage slips to 2027 and implementation to 2029, regulatory clarity will arrive—but only after a prolonged period of uncertainty that continues to shape where and how crypto innovation happens.
Market Opportunity
Union Price(U)
$0.003326
$0.003326$0.003326
USD
Union (U) Live Price Chart
Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.
You May Also Like
Washington Faces New Dilemma Over Venezuela’s Alleged BTC Reserves
The issue surfaced after the dramatic removal of Venezuela’s longtime leader, Nicolás Maduro, who was captured by U.S. forces and […] The post Washington Faces
Share
Coindoo2026/01/13 10:14
We’re not being as forward-looking as normal
The post We’re not being as forward-looking as normal appeared on BitcoinEthereumNews.com. Bank of Canada (BoC) Governor Tiff Macklem addressed reporters’ questions, offering insights into the central bank’s monetary policy outlook. His remarks came after the BoC lowered its interest rate by 25 basis points to 2.50%, a move that markets had broadly anticipated. BoC press conference key highlights Wage growth continued to ease. The preferred core inflation measures have been around 3.0%. Underlying inflation is running around 2.5%. Consensus to cut rates was clear. Attention now shifts to how exports perform. There are still some mixed signals on inflation. The Inflation picture hasn’t changed much since January. We’re not being as forward-looking as normal. The Bank of Canada considered holding the overnight rate steady. I have more comfort looking at the upward pressure on CPI. We will be assessing the impact of government announcements on targeted support and support for big projects. Inflationary pressures look somewhat more contained. If risks tilt further we are prepared to take more action. Will take it one meeting at a time. This section below was published at 13:45 GMT to cover the Bank of Canada’s policy announcements and the initial market reaction. In line with market analysts’ expectations, the Bank of Canada (BoC) trimmed its policy rate by 25 basis points, taking it to 2.50% on Wednesday. Investors’ attention will now shift to the usual press conference by Governor Tiff Macklem at 14:30 GMT. BoC policy statement key highlights Rate cut was appropriate given the weaker economy and less upside risk to inflation. On a monthly basis, upward momentum in core inflation seen earlier this year has dissipated. Disruption linked to trade shifts will continue to add costs even as they weigh on economic uncertainties. BoC says it will continue to support economic growth while ensuring inflation remains well controlled. Ottawa’s decision to scrap tariffs…
Share
BitcoinEthereumNews2025/09/18 05:17
US Senate Prepares For Crypto Market Structure Bill Markup This Week — Here’s What to Expect
After months of intense negotiations involving both political parties, as well as representatives from the crypto industry and traditional banking sectors, the
Share
Bitcoinist2026/01/13 10:00