Trump And Harris Amp Up Crypto Push But TD Cowen Is ‘Pessimistic’ About Digital Assets Legislation Progress This Year
Global investment bank TD Cowen has predicted a slowdown in the advancement of cryptocurrency legislation, even as presidential candidates Donald Trump and Kamala Harris try to court supporters of the asset class through their election campaigns.
What Happened: In a note released on Monday, TD Cowen stated that definitive legislation is unlikely to progress before the end of 2024, according to a report by The Block.
The prediction comes at a time when lawmakers are on a break until the post-election period, leaving a limited window for the passage of bills during the lame-duck session.
Jaret Seiberg from TD Cowen’s Washington Research Group expressed doubts about significant action during this session due to the limited timeframe and the need to …
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