Investment bank TD Cowen states that the likelihood of the Crypto Market Structure Act "Clarity Act" passing this year is decreasing due to the ongoing deterioration of the political environment. TD Cowen analyst Jaret Seiberg believes that recent controversies surrounding U.S. President Donald Trump make it more difficult for Democrats to support the bill without conflict of interest restrictions. The report also mentions that some Republican lawmakers may prefer to delay legislation because they are reluctant to comment on related amendments. TD Cowen previously estimated that if the bill does not make progress this year, it could be postponed until after 2027, with the final implementation possibly delayed until 2029. (The Block)

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