[TD Cowen: Deteriorating Political Environment Lowers Chances of U.S. Crypto Market Structure Bill Passing This Year] Odaily Planet Daily reports that investment bank TD Cowen has stated that as the political environment continues to deteriorate, the likelihood of the U.S. crypto market structure bill, the 'Clarity Act,' passing this year is decreasing. TD Cowen analyst Jaret Seiberg pointed out that although the Senate Banking Committee advanced the bill earlier this month, this does not mean that a substantive bipartisan agreement has been reached. Instead, it merely pushes the debate to the full Senate level. The report notes that the recent controversies surrounding U.S. President Donald Trump and his administration's crypto-related issues are making it more difficult for Democrats to support the bill. If the bill does not include clear conflict-of-interest provisions, it will face even greater challenges in securing sufficient support in the current political climate. (The Block)