TD Cowen: It may take years, not weeks, for the United States to create the necessary cryptocurrency regulatory framework

Odaily News Donald Trump’s administration has taken initial steps to show its support for the cryptocurrency industry, but meaningful regulatory clarity is far from immediate, according to investment bank TD Cowen.On Thursday, Trump signed an executive order establishing the Digital Asset Markets Task Force, which will be tasked with identifying and removing barriers to cryptocurrency innovation.
TD Cowen Washington Research Group said that every president will set up committees and working groups on key issues. This is of great symbolic significance because it reflects how the Trump team prioritizes cryptocurrency, but this is different from rule changes. It will take years, not weeks, to develop the rules needed for the industry. (TheBlock)