TD Cowen doubts the crypto market bill will pass this year.

Investment bank TD Cowen has downgraded its forecast for the passage of the crypto market structure bill (CLARITY Act). Analysts deem it unlikely that the document will be approved this year, reports The Block.

According to TD Cowen Managing Director Jarrett Seiberg, the political climate surrounding the initiative has deteriorated. Previously, the Senate’s relevant committee endorsed the project, despite objections from Democrats and…