Crypto bill delay 'may ultimately be constructive' for final product, Benchmark says

The recent delay in the U.S. crypto bill has garnered attention. Broker Benchmark suggests that this delay could ultimately enhance the bill's quality. The reasoning is that Congress will have time to address various unresolved issues crucial for determining how financial institutions may enter the U.S. crypto markets. Thus, this delay could positively impact the institutionalization and regulation of the crypto market. Increased participation from institutional investors could lead to a more stable market environment. Market participants need to closely monitor future policy developments, as revisions and new regulations have the potential to build trust and contribute to price stability. However, this delay may also exert short-term selling pressure. Investors should stay alert to market reactions to this news.