【TD Cowen Analyst: The Democratic Party May Not Hold Senior Positions in the U.S. SEC Next Year】Golden Finance reports that TD Cowen analysts indicate that the Democratic Party may not hold senior positions in the U.S. Securities and Exchange Commission (SEC) next year, thereby paving the way for the Republican Party to establish cryptocurrency-related rules. The investment bank notes that a fully Republican committee would help Atkins advance rules more quickly, as there would be no Democratic delays in the process. However, analysts also point out that bipartisan cooperation carries risks, which could affect future cryptocurrency regulation. Analysts state: 'If these rules are seen as a partisan struggle, then a Democratic SEC is more likely to change them; in contrast, bipartisan rule-making could create a regulatory system that withstands electoral challenges. We believe this would provide policy stability, which would be beneficial for cryptocurrency trading platforms, token issuers, and the broader cryptocurrency industry.'