ChainCatcher message, investment bank TD Cowen stated that the Trump administration may bring positive changes for crypto entities working with banks, but expectations for this new regulatory environment should be 'within a reasonable range.' 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, as well as managing risks such as liquidity and concentration.
Analysts said: '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 great, while others will seize the opportunity. Additionally, some crypto entities may reject any government oversight. This could limit banks' comfort in working with them.' Nevertheless, Jaret Seiberg stated that under Trump’s leadership, the connection between traditional finance and cryptocurrency will be 'inevitable.'