Analysts of the TD Cowen investment bank announced intensified risks for the US crypto industry against the backdrop of the growing involvement of President Donald Trump and his family in cryptocurrency projects.
So far, the congress and regulatory departments demonstrate progress in creating the rules for stablecoins and other digital assets, political stress is at risk, representatives of TD Cowen said.
“We are increasingly worried about the escalation of political risk, since the actions of the Trump family business and its administration can cause a negative reaction, which will break the implementation of positive initiatives,” the TD COWEN SEIBERG analyst said.
According to him, the political risk has not yet become fatal for the “crypto capture in Washington”, but it grows, not decreasing every day. Therefore, it should be considered as a key negative factor for investors.
Earlier, Congressmen-Democrats Elizabeth Warren and Maxine Waters said the US Securities and Exchange Commission (SEC) can weaken the regulation of crypto industry under the influence of President Trump.
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Source: Cryptocurrency
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