News Formal

TD Cowen warns crypto companies themselves may push legislation that 'derail' crypto industry as a whole

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

TD Cowen Nyheter

Sverige Senaste nytt,Sverige Rubriker

A report from the investment bank TD Cowen explains how clearer cryptocurrency legislation can 'derail' the industry, as seen previously with the cannabis industry.

The investment bank TD Cowen sees potential disruption in the cryptocurrency industry based on regulatory efforts.

The report argues that industries usually unite when pushing their legislative agendas, supported by coordinated lobbying. However, when Congress starts paying attention to a specific industry, companies begin to focus on legislation that benefits them individually. This forces lawmakers to choose sides within the industry, weakening the industry's overall progress.

"Navigating this evolution from legislation that can't pass to legislation that looks like it will pass, in our view, is now the crypto industry's biggest Washington challenge. Companies may decide the stablecoin bill is not needed or would benefit rivals too much," Seiberg wrote. "That could derail the stablecoin bill this year, which would then rob the market structure bill of momentum going into 2025.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 464. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Denim stocks can benefit with Western style in vogue, TD Cowen saysThe firm gave its top ideas for riding the Wild West trend.
Källa: CNBC - 🏆 12. / 72 Läs mer »

The data center boom is leading to a power crunch. These stocks are ahead of the curve, TD Cowen analysts sayFollowing a decade of flat load growth, artificial intelligence data centers and electric vehicles are driving an acceleration in electricity demand.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Lawmakers' crypto market structure bill stands 'no chance' this Congress, but sets them up for next year: TD CowenA crypto market structure bill may have 'no chance' of becoming in this Congress but will set up lawmakers for next year, TD Cowen said.
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »