TD Cowen pessimistic on crypto bill passage

TD Cowen has indicated a growing pessimism regarding the likelihood of the proposed cryptocurrency bill passing this year. The firm now estimates the odds of passage at only one in three. This outlook suggests significant hurdles remain in the legislative process, potentially due to unresolved disagreements among lawmakers or broader political challenges. The reduced probability of the bill's enactment could lead to continued regulatory uncertainty for the digital asset industry, impacting investment and development in the sector.