According to Odaily Planet Daily, TD Cowen analysts said that Democrats may not hold senior positions in the U.S. Securities and Exchange Commission (SEC) next year, which may make way for Republicans to formulate cryptocurrency-related rules.
Analysts noted that an all-Republican committee would help move the rules forward faster because there would be no Democratic holdups. However, bipartisanship also carries risks that could affect future cryptocurrency regulation.
Analysts believe that bipartisan rulemaking could create a regulatory system that can stand the test of elections, provide policy stability, and benefit crypto trading platforms, token issuers, and the broader crypto industry.
