Investment bank TD Cowen: Trump's cryptocurrency executive order is just the beginning; establishing a regulatory framework for the crypto industry will take years

TechFlow news, January 24 — According to TheBlock, TD Cowen's Washington Research Group stated that while the Trump administration has expressed support for the cryptocurrency industry through executive orders, this is only the "easy part."

Jaret Seiberg, head of the bank's research team, pointed out that every president establishes committees and working groups on key issues, symbolically demonstrating the Trump team's recognition of cryptocurrency's importance—yet this differs from actual regulatory changes.

He emphasized that establishing the regulatory framework needed by the industry will take "years, not weeks."