According to a report by TheBlock, investment bank TD Cowen has raised significant concerns regarding the potential impact of the Trump family’s cryptocurrency business on U.S. regulatory measures. As the anticipated launch of their stablecoin looms, experts warn of a possible backlash that may impede progress in cryptocurrency regulations. Jaret Seiberg, head of TD Cowen’s Washington research, highlighted the increasing political risks that could disrupt legislative advancements in the crypto sector. He emphasizes the need for investors to remain vigilant in the face of these challenges.
Despite ongoing efforts by Washington legislators and regulatory authorities to refine the legal framework for cryptocurrencies, the situation remains tense. The U.S. Securities and Exchange Commission (SEC) has recently dismissed several lawsuits related to crypto, suggesting an inclination towards more accommodating regulatory stances. Yet, the controversies surrounding the Trump family’s involvement in the crypto realm threaten to hinder this progress. Seiberg’s remarks that increased scrutiny may result from their activities underline a pivotal moment for the evolving landscape of crypto legislation.
Source: https://en.coinotag.com/breakingnews/trump-familys-cryptocurrency-business-raises-political-risks-for-u-s-regulatory-progress-on-stablecoins/
