【TD Cowen: Expected Trump Administration to Ease Rules on Banks Using Cryptocurrencies, But Caution Still Needed】Golden Financial News reports that investment bank TD Cowen states that the Trump administration may bring positive changes for crypto entities working with banks, but expectations for this new regulatory environment should be kept within a 'reasonable range.' The TD Cowen Washington research group (led by Jaret Seiberg) wrote in a report that banks are responsible for complying with Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) rules, and managing risks such as liquidity and concentration. Analysts noted, 'Even if Trump’s regulators are less concerned about the increasing connections between traditional finance and cryptocurrencies, this will lead some banks to remain cautious, which is why some banks may still consider the risks too great while others seize the opportunity. Additionally, some cryptocurrency entities may refuse any government oversight. This could limit banks' comfort in partnering with them.' Nevertheless, Jaret Seiberg indicated that under the Trump administration, the connection between traditional finance and cryptocurrencies will be 'inevitable.'