Analysts Predict Crypto Regulation Timeline Slips to Late Decade
A comprehensive bill to structure US crypto markets may not be approved until 2027, with implementation extending to 2029, according to a new analysis from TD Cowen.
The firm’s Washington Research Group, led by Jaret Seiberg, cites Congressional political dynamics as a primary cause for the potential slowdown. With Democrats possibly waiting for a more favorable legislative landscape after the 2026 midterms, immediate action is uncertain.
“Election outcomes are always uncertain, which is why Democrats may cut a deal,” Seiberg wrote. “That could happen quickly, as staff have been working on the technical language for months.”
Nevertheless, the analyst suggests a longer timeline may suit all parties. “Time favors enactment as the problems disappear if the bill passes in 2027 and takes effect in 2029. Crypto would need to accept that the presidential election could impact the final rules, and Democrats would need to accept that the conflict provision will not apply to Trump.”
A major hurdle centers on proposed conflict-of-interest language. Provisions restricting former officials like Donald Trump from crypto industry involvement are seen as a particular flashpoint, likely requiring a delayed effective date to gain any traction.
