TD Cowen Thinks Crypto Bill Has Better Odds of Winning the Lottery Than Passing This Year

TD Cowen is serving up some cold, hard reality for anyone still holding out hope for crypto legislation this year. The firm has gone full bearish on the legislative front, recently telling clients they're "increasingly pessimistic" about any meaningful crypto bill clearing Congress in 2024. Their probability assessment? A cool one-in-three chance of passage—which, for those keeping score at home, is roughly equivalent to your odds of finding a Satoshi-era wallet key in your old hard drive. So maybe, just maybe, keep that 9-to-5 on ice for now, degens.