The U.S. Congress may delay the review of the crypto market structure bill until after the midterm elections, according to TD Cowen's Washington research team. The bill, which seeks to clarify the regulatory roles of the SEC and CFTC and introduce 'ancillary assets' to define non-securities cryptocurrencies, is facing slow progress. A recent Democratic proposal to regulate DeFi has added to the controversy, particularly with its provision to ban senior officials and their families from holding shares in crypto firms. Political divisions and the election cycle are contributing to the lack of momentum needed to advance the legislation.