TD Cowen sees Clarity Act passage risk rising in U.S. crypto market structure push | Crypto Craft

  • TD Cowen sees Clarity Act passage risk rising in U.S. crypto market structure push

    From tradersunion.com

    As reported by The Block, TD Cowen says the crypto market structure bill is becoming less likely to pass this year as the political backdrop around the legislation deteriorates. Jaret Seiberg, managing director at TD Cowen's Washington Research Group, says in a note on Tuesday that the firm remains pessimistic the Clarity Act will become law this year. Seiberg says the pressure point is whether Democrats can back the legislation without provisions that address conflicts of interest involving the president. He adds that Republicans could also become less willing to move the bill if that forces them to vote against ... (full story)

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