Investment bank TD Cowen: The risk of major cryptocurrency legislation being stuck in political deadlock is increasing, and progress may stall next year

ChainCatcher news, investment bank TD Cowen calls for more realistic expectations regarding the passage of cryptocurrency legislation in the U.S. next year.

TD Cowen stated: "The risk of a political deadlock for the cryptocurrency market structure bill FIT21 and the Senate Agriculture Committee bill is increasing. We believe optimism is misplaced, as we see the voting prospects for both bills declining this year. Furthermore, the risk of the bills becoming politically stuck next year is growing, regardless of the elections, and we remain skeptical about next year."