U.S. Crypto Market Structure Bill Likely to Be Delayed Until 2027

• The proposed crypto market structure bill in the U.S. Congress, which should shed some light on digital asset regulations, could be postponed until 2027 for passing.
  
• The eventual implementation of the law may only happen in 2029 after overcoming certain political obstacles and debates on certain provisions.

A proposed piece of legislation to create a comprehensive overall regulatory framework for the cryptocurrency industry in the U.S. could see its passage delayed in light of political gridlock in Congress, with analysts for TD Cowen noting that passage in 2026 was expected, but there now appears to be a growing probability that the legislation could see passage in 2027, with full enactment not occurring until 2029.

The market structure bill, which is generally considered the next big leap after the passage of the GENIUS Act regarding stablecoin regulation, intends to provide a framework for defining federal regulation of digital asset markets and provide jurisdiction definitions for regulatory bodies like the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Key Obstacles: Conflict Clauses and Political Shifts

One of the major drawbacks in these kinds of negotiations is the conflict of interest rules that are being proposed. The Democrats are demanding rules, according to which members of the administration and their families would not be allowed to own or control any kind of crypto-related business, which is deemed to be an obstruction by opposing parties, especially in cases of influential individuals with connections with cryptocurrencies. To bypass this, it is being proposed that there be a few-year delay in these rules coming into force.

Another factor at play could be the political dynamics surrounding the 2026 midterm elections. Analysts at TD Cowen pointed out that the Democrats may have fewer incentives to rush the bill’s passage prior to a possible shift in control of the House of Representatives.

Some cryptocurrency policy analysts believe that the delay may also provide an opportunity to further develop the technical terminology and harmonize the interests of the stakeholders, but the proponents of quick clarification of the situation believe that the delay increases the time of ambiguity for United States companies operating in the worldwide market.

The likely delay regarding the U.S. crypto market structure bill is a reflection of the complexities associated with the politics and policies that surround the regulation of digital assets within the Washington government. Although there is still a possibility that it shall be enacted, due to the election dynamics and debates within and between the various political parties, there may be a delay in its enactment schedule to possibly reach the year 2027, and its implementation to possibly be effective until 2029. The delay is a testament to the continued challenges that the U.S. faces under which a comprehensive form of legislation on crypto assets shall be enacted.

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