Deep Tide TechFlow news, on January 8, investment bank TD Cowen stated that the Trump administration might bring positive changes for crypto entities working with banks, but expectations for this new regulatory environment should be 'within reasonable bounds.' The TD Cowen Washington research team, led by Jaret Seiberg, wrote in a report that banks are responsible for complying with Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) rules, and managing risks such as liquidity and concentration.
Analysts stated: 'Even if Trump’s regulators are no longer as concerned about the increasing connections between traditional finance and cryptocurrency, this could lead some banks to remain cautious, which is why some banks may still consider the risks too high, while others may seize the opportunity. Additionally, some cryptocurrency entities may reject any government oversight. This could limit banks’ comfort in collaborating with them.' Nevertheless, Jaret Seiberg stated that under the Trump administration, the connection between traditional finance and cryptocurrency will be 'inevitable.'