🗯️The introduction of crypto regulation in the USA is under threat due to Donald Trump – TD Cowen
💡"Political risks for the crypto market are rising, and the activity of Donald Trump's family in the crypto industry is to blame."
◽️Legislative progress is in question – despite advancements in regulation (rules for stablecoins), the political factor may slow down the process.
◽️Stablecoin #USD1 = risks due to President #usa 's ties to World Liberty Financial, a conflict of interest.
◽️"Concessions" to Trump's partners – Binance is discussing a reduction of regulatory pressure with the US Treasury + simultaneously negotiating collaboration with #WLFI .
◽️The cancellation of sanctions against Tornado Cash (#TORN ) and fewer lawsuits for money laundering add uncertainty.
💡TD Cowen – an American multinational investment bank. Assets under management = 11,000,000,000 $ +.