TD Cowen says crypto bill window extends to August recess, reiterates potential delay to 2027

TD Cowen analyst Jaret Seiberg suggests the window for crypto legislation extends until the August congressional recess, rejecting the notion that a deal must be reached within weeks. The firm maintains its view that crypto regulatory legislation could potentially be delayed until 2027.

• →TD Cowen believes crypto legislation timeline extends to August recess, not just the next few weeks.
• →Analyst Jaret Seiberg rejects urgency around immediate deal-making for crypto bills.
• →The firm continues to suggest potential delays in crypto legislation until 2027.
• →Extended timeline may provide more opportunity for comprehensive crypto regulatory framework development.
• →Congressional recess timing appears to be a key factor in legislative progress expectations.