The U.S. legislature’s delay in passing crypto market structure legislation is capping the valuation expansions of crypto companies exposed to the U.S. market, CoinDesk reported Monday (Jan. 26), citing Benchmark analyst Mark Palmer.
The delay is having the greatest impact on crypto exchanges, decentralized finance (DeFi) and altcoins, because those businesses are especially sensitive to regulation, according to the report. Bitcoin and infrastructure firms have been less affected, the report said.
If Congress fails to pass the legislation this year, the U.S. crypto market would remain constrained at a time when the digital asset ecosystem is increasingly being adopted around the world and by institutions, per the report.
Palmer…
