PANews reported on January 26 that, according to CoinDesk, Benchmark analyst Mark Palmer stated that if the US Congress fails to pass the crypto market structure bill this year, the US crypto market will continue to bear the risk premium of regulatory uncertainty, limiting the valuation expansion of related domestic assets, but it will not return to the enforcement-oriented regulatory environment of 2022-2023.

Palmer believes that in the absence of legislation, Bitcoin, mining companies, and infrastructure will relatively benefit, while exchanges, DeFi, and altcoins will be under pressure due to listing compliance, uncertain compliance costs, and restrictions on high-profit products; custody and compliance services will be relatively defensive. He still judges that the bill is "more likely to pass than be rejected," but the time risk has already been partially priced in by the market.