TD Cowen: The window for deliberation on the US crypto bill may be extended to the August recess; if it fails to pass, it may be postponed to 2027.

CoinFeed reported on March 18th that, according to The Block, investment bank TD Cowen stated that the window for passing the US crypto market structure bill may extend into the August recess, breaking the previous expectation that legislation should be completed before the Easter recess. Jaret Seiberg, Managing Director of TD Cowen's Washington Research Group, pointed out that the Easter recess is not a critical juncture; legislative work can continue before and after the recess, and with the primaries over, some members of Congress will have greater flexibility in negotiations. Seiberg believes the August recess is the last meaningful legislative window, after which Congress will only convene for 12 days in September and 2 days in October, just enough to handle spending bills and the National Defense Authorization Act. He also reiterated that if control of Congress changes after the 2026 midterm elections, the bill could be delayed until 2027.