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International Business Times

Business

Marvie Basilan

TD Cowen To Crypto: Set Realistic Expectations On Legislation Delivery

TD Cowen Crypto Cowen Harris United States

Crypto-centric bills have been introduced over the past few years -- when will they make progress in Congress? (Credit: Jernej Furman/flickr.com)

KEY POINTS

TD Cowen analysts believe the optimism over crypto bills passing soon is 'misplaced'
They noted that regardless of the election, both parties will want more donations before 'delivering'
Crypto corporations spent nearly $120 million so far in a bid to back 'pro-crypto' candidates

The cryptocurrency community has long been urging the U.S. government to draw up legislation dedicated to the industry for clarity and compliance, especially amid back-and-forth legal battles between the U.S. Securities and Exchange Commission (SEC) and crypto firms.

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