[Analyst: Delay in Crypto Market Structure Bill May Limit Valuation Growth of U.S.-Related Assets] According to CoinDesk, Wall Street brokerage Benchmark analyst Mark Palmer stated that if the U.S. Congress fails to pass the crypto market structure bill this year, the U.S. crypto market will continue to face a regulatory uncertainty risk premium, limiting the valuation expansion of domestic-related assets. However, it is unlikely to return to the enforcement-driven regulatory environment of 2022-2023. Palmer believes that in the absence of legislation, Bitcoin, mining companies, and infrastructure will relatively benefit, while exchanges, DeFi, and Altcoins will face pressure due to compliance with listing requirements, uncertain compliance costs, and restrictions on high-margin products. Custody and compliance services are relatively defensive. He still assesses that the likelihood of the bill passing is 'greater than being vetoed,' but the timing risk has already been partially priced into the market.