TD Cowen warns crypto companies themselves may push legislation that ‘derail’ crypto industry as a whole | Headlines | News | CoinMarketCap
06/10/2024 22:46
The investment bank TD Cowen sees potential disruption in the cryptocurrency industry based on regulatory efforts. The crypto industry is on …
The Block Crypto News23 minutes ago
Published on June 10, 2024 15:22 GMT+00:00edited on June 10, 2024 15:24 GMT+00:00
The investment bank TD Cowen sees potential disruption in the cryptocurrency industry based on regulatory efforts.
The crypto industry is on track to see stablecoin legislation this fall and broader crypto market regulation within the next two years. However, legislation that moves from the bigger picture to specific company interests can "derail" the industry, as seen previously with the cannabis industry, writes Jaret Seiberg, financial services and housing policy analyst TD Cowen Washington Research Group
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 …