Investment bank TD Cowen says the likelihood of the crypto market structure bill, the *Clarity Act*, passing this year is decreasing due to the worsening political environment. TD Cowen analyst Jaret Seiberg believes that recent controversies surrounding U.S. President Donald Trump make it harder for Democrats to support the bill without conflict-of-interest restrictions. The report also mentions that some Republican lawmakers may prefer to delay advancing the legislation due to their reluctance to take a stance on related amendments. TD Cowen previously predicted that if the bill doesn’t make progress this year, it could be postponed until after 2027, with final rules potentially not implemented until 2029. (The Block) https://(wublock123.com)/news/td-cowen-trump-controversy-may-delay-us-crypto-market-structure-bill-61709