CoinVoice has recently learned that investment bank TD Cowen indicates that the Trump administration may bring positive changes for cryptocurrency entities collaborating 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 and managing risks such as liquidity and concentration.
Analysts say: "Even if Trump's regulatory agencies are no longer as concerned about the increasing connections between traditional finance and cryptocurrencies, 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 cryptocurrency entities may refuse any government oversight. This could limit banks' comfort in collaborating with them." Nevertheless, Jaret Seiberg stated that under Trump's administration, the connection between traditional finance and cryptocurrencies will be 'inevitable'. [Original link]