Benchmark: Market structure bill delay seen capping U.S. crypto valuations, Benchmark says

Failure to pass market structure legislation this year wouldn’t derail U.S. crypto, but it would prolong regulatory ambiguity, favoring bitcoin and infrastructure. What to know : A lack of market structure legislation keeps a regulatory risk premium in U.S. crypto, limiting valuation expansion, said Benchmark analyst Mark Palmer. Bitcoin and infrastructure are best positioned; exchanges, DeFi and altcoins are expected to lag. Palmer still sees passage as more likely than not, though timing risk is rising.(Coindesk)