TD Cowen: Bipartisan cryptocurrency legislation is more likely to pass under Trump's leadership, but it will not be a top priority

【TD Cowen: Bipartisan cryptocurrency legislation is more likely to pass under Trump's leadership, but it will not be a top priority】Golden Finance reports that according to a report released on Monday, the research department of investment bank TD Cowen predicts that the regulatory environment for cryptocurrencies in the upcoming Trump administration may undergo a 180-degree turn (though this is not guaranteed). Given that the Republican-controlled Senate and House will dominate the political landscape, analysts predict that President-elect Trump will be able to utilize his 'political capital' to push an agenda focused on economic reform, trade, and tax cuts. The researchers wrote: 'We believe that once Trump appoints a new SEC chairman, cryptocurrency enforcement may be put on hold; regardless of whether Gary Gensler resigns from the SEC chairman position, Trump can appoint a new chairman on January 20, which does not mean that cryptocurrencies will become the Wild West without any SEC oversight. The new chairman will reassess existing cases and seek ways to clarify how cryptocurrency companies can comply with existing laws, which exceeds our expectations.' Nevertheless, the researchers believe that 'given the Trump team's focus on extending tax cuts and addressing tariff and trade issues, cryptocurrencies will not be a top priority.' (The Block)