Golden Finance reported that investment bank TD Cowen said in a report on Monday that U.S. Senator Bill Hagerty's draft stablecoin legislation could become the outline of a future bill in 2025. Jaret Seiberg of TD Cowen Washington Research Group wrote: "This draft should form the basis of legislation we expect Congress to pass next year. If Trump wins, this is more likely because Hagerty has a close relationship with the former president." According to reports, if Trump wins, Hagerty may become a potential contender for a member of Trump's cabinet, either in a national security position or a position in the Treasury Department. Hagerty is also a member of the Senate Banking Committee, which has jurisdiction over major institutions including the U.S. SEC.
