Odaily Planet Daily News: Investment bank TD Cowen states that the incoming Trump administration may bring positive changes for cryptocurrency entities working with banks, but expectations regarding this new regulatory environment should be 'modest.' TD Cowen's Washington research team, led by Jaret Seiberg, wrote in a report on Monday 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. Therefore, 'even if Trump's regulatory agencies express less concern about the increasing connections between traditional finance and cryptocurrency, this will lead some banks to remain cautious,' Seiberg said. 'This 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 working with them.' Nevertheless, Seiberg noted that under the Trump administration, the connection between traditional finance and cryptocurrency will be 'inevitable.' He pointed out that over time, banks will be more willing to accept cryptocurrency risks. (The Block)