Golden Finance reports that TD Cowen analysts say the Democrats may not hold high positions in the U.S. Securities and Exchange Commission (SEC) next year, paving the way for the Republicans to formulate cryptocurrency-related rules. The investment bank noted that an all-Republican committee would help Atkins advance the rules more quickly, as there would be no Democratic delays in the process. However, analysts indicated that bipartisan cooperation also carries risks, which could affect future cryptocurrency regulation. Analysts stated, "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 framework that withstands electoral scrutiny. We believe this would provide policy stability, which would benefit crypto trading platforms, token issuers, and the broader crypto industry."