TD Cowen: Creating the Necessary Cryptocurrency Regulatory Framework in the US May Take Years, Not Weeks

The Donald Trump administration has taken initial steps to show its support for the cryptocurrency industry, but meaningful regulatory clarity is far from immediate, says investment bank TD Cowen.
Trump this week signed an executive order establishing the Digital Asset Market Working Group, which is tasked with identifying and removing barriers to cryptocurrency innovation.TD Cowen's Washington Research Group said the creation of committees and working groups on key issues, which every president does, is symbolically important as the move reflects the priority the Trump team will place on cryptocurrencies, but unlike rule changes that it will take years, not weeks, to develop the rules needed for the crypto industry.