Market Structure Bill Delay Seen Capping U.S. Crypto Valuations, Benchmark Says
If Congress fails to pass market structure legislation this year, the U.S. crypto market would not revert to the enforcement-heavy environment of 2022 and 2023, but it would remain structurally constrained at a moment when global adoption and institutional interest are accelerating, Wall Street broker Benchmark said.
“The absence of legislation would cause a structural risk premium to persist across much of the digital asset ecosystem,” wrote analyst Mark Palmer in the Monday report, adding that this would cap valuation expansion for U.S.-exposed platforms.
Palmer said failure to pass legislation would delay, not derail, crypto’s maturation, leaving the U.S. market operating below its potential as investors favor bitcoin-centric…
