Transition-edge sensor (TES) bolometers are broadly used for background-limited astrophysical measurements from the far-infrared to mm-waves. Many planned future instruments require increasingly large detector arrays, but their scalability is limited by their cryogenic readout electronics. Microwave SQUID multiplexing offers a highly capable scaling solution through the use of inherently broadband circuitry, enabling readout of hundreds to thousands of channels per microwave line. As with any multiplexing technique, the channelization mechanism gives rise to electrical crosstalk which must be understood and controlled so as to not degrade the instrument sensitivity. Here, we explore implications relevant for TES bolometer array applications, focusing in particular on upcoming mm-wave observatories such as the Simons Observatory and AliCPT. We model the relative contributions of the various underlying crosstalk mechanisms, evaluate the difference between fixed-tone and tone-tracking readout systems, and discuss ways in which crosstalk nonlinearity will complicate on-sky measurements.