US crypto market structure bill may be delayed until 2027: Report

The midterm elections in November may cause some Senate Democrats to withhold support for the Responsible Financial Innovation Act due to conflict of interest concerns.

Investment bank TD Cowen reportedly warned that the 2026 US midterm elections may diminish support needed to pass a digital asset market structure bill currently under consideration in the Senate.

According to reports, TD Cowen’s Washington Research Group said on Monday thatthe market structure legislation — referred to as the CLARITY Act in the House and advanced under the Responsible Financial Innovation Act framework in the Senate — was more likely to pass Congress in 2027, with final implementation potentially in 2029.

According to the investment bank, Senate Democrats may withhold support for the bill before November elections that could potentially change the balance of power in Congress, currently favoring Republicans. The lawmakers could delay or stall on the bill until after the midterms, after which time another party may be in the majority.

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