Crypto Industry Rules Will Take Years: TD Cowen
The Trump administration has taken preliminary measures to establish a digital asset market working group to support the cryptocurrency industry. It is worth noting that Trump instructed the working group to explore the establishment of a national digital asset reserve, rather than establishing a Bitcoin reserve as expected. The TD Cowen Washington Research Group led by Jaret Seiberg commented that although the establishment of the digital asset market working group is symbolic and reflects how the Trump administration gives priority to cryptocurrencies, this is not the same as changes in the rules. Cyberg pointed out that it takes several years to formulate the rules required by the industry instead of several weeks.
