TD Cowen Predicts U.S. Crypto Legislation by 2026 to Shape Market Structure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Legislation Forecast: TD Cowen predicts that the U.S. Congress will pass the CLARITY Act by 2026, which will significantly influence the regulatory framework of the crypto market, potentially altering the classification and governance of digital assets like Bitcoin and Ethereum.
- Market Structure Transformation: The new legislation is expected to impact the regulation of crypto assets, particularly in financial custody and trading practices, which could profoundly affect trading platforms and broker-dealers, thereby changing the market structure.
- Regulatory Adaptation: TD Cowen anticipates that regulatory adaptations will foster the development of tokenized securities and potentially integrate with the Federal Reserve, which could alter the financial landscape and shape future crypto policies.
- Risk Assessment: While legislation is expected to pass in 2026, analyst Jaret Seiberg notes a material risk of slippage into 2027, which may affect the strategies and preparations of market participants.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
