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The post Crypto Legislation in the US May Be Finalized by 2026, Says TD Cowen, But! appeared first on Coinpedia Fintech News According to investment bank TD Cowen, the United States is expected to finalize its long-awaited crypto regulations by 2026. This timeline may bring hope to crypto investors and businesses alike, but challenges remain, including political disagreements and unexpected distractions like the TRUMP memecoin. Why Crypto Regulations Are Crucial? A note from TD Cowen’s Washington Research Group, led by Jaret Seiberg, highlighted the importance of bipartisan support in advancing the crypto market structure bill. The absence of clear regulations has limited the growth of the crypto market in the U.S. Without legal certainty, potential investors remain hesitant, and businesses face operational uncertainties. Such legislation is crucial for resolving regulatory gray areas, which have slowed the growth of the crypto sector. Seiberg’s team notes that political divides could delay these critical advancements. Impact of the TRUMP Memecoin One unexpected factor affecting crypto legislation is the launch of the TRUMP memecoin, a cryptocurrency introduced by former President Donald Trump. The token launched days before his inauguration, saw an initial market capitalization of over $14 billion before losing nearly half its value. It now trades at around $42 with a market cap of $8 billion. TD Cowen’s analysts warned that the launch of TRUMP could worsen partisan disagreements, further delaying progress on crypto legislation. Democrats are expected to investigate the token’s price movements and whether it was used by foreign entities to gain influence. Republicans, on the other hand, are likely to defend Trump, making it harder to build the bipartisan cooperation needed to pass the bill. Reputational Risks for the Crypto Industry Critics from both the crypto industry and the policy community have expressed concerns about the TRUMP memecoin. Many believe it distracts from the industry’s broader goals and adds reputational risks. However, Jaret Seiberg’s team at TD Cowen notes that bipartisan cooperation is crucial for passing crypto legislation.
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Vitalik Buterin Explains Why Ethereum Foundation Exists
Vitalik Buterin had to chip in following heated discussion around Ethereum Foundation coinpedia
Ethereum Foundation Dissent Dampens ETH Price as Vitalik Asserts Authority
On Jan. 21, Ethereum co-founder Vitalik Buterin firmly asserted his sole authority over Ethereum Foundation leadership decisions, stating that it will remain until reforms establish a “proper board.” “The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a ‘proper board’, but until that happens it’s me,” he said on X. The post came in response to significant backlash against Aya Miyaguchi, the Foundation’s executive director since 2018, with accusations of inefficiencies during her tenure. “If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent,” Buterin said in response to the social media backlash. No. This is not how this game works. The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a “proper board”, but until that happens it’s me. If you “keep the pressure on”, then you are creating an environment that is… — vitalik.eth (@VitalikButerin) January 21, 2025 EF Backlash Mounts Buterin announced changes to the Foundation’s leadership on Jan. 18, focusing on supporting dApp developers and promoting decentralization. However, he emphasized the foundation would not engage in ideological shifts, political lobbying, or take a more central ecosystem role. There is strong community pressure to promote developer Danny Ryan to a leadership position. On Jan. 22, Ryan, who left the EF in 2024 due to health issues, said, “Some of the discourse has turned counterproductive,” before adding: “These are real people attempting to sort through and do what is best. With or without me, the EF is evolving and for the better. You’ve been heard, but vitriol is ultimately harmful to this process.” Just to fill you in: I left the EF last year due to health issues and in an attempt to clear my head after working my ass off exclusively at the EF and on Ethereum for seven years. I stepped aside, and the EF and the broader Ethereum ecosystem moved on without missing a beat—new… — dannyryan (@dannyryan) January 21, 2025 Fellow developer Eric Connor announced his departure from the Ethereum ecosystem, stating : “The Ethereum Foundation is a leftist-driven, anti-winning swamp. 80% of the budget can be cut and Ethereum would function and progress just fine.” Meanwhile, Ethereum educator Anthony Sassano highlighted all the good things that the EF has done, stating, “Ethereum is much bigger than the EF,” I am not an EF apologist or think that the EF is perfect and can do no wrong, but I think it’s worth highlighting some of the positive stuff they’ve done recently: – Revived the @ethereum account (it’s no where near good enough yet, but it’ll get better) – Moved 50k ETH into a… — sassal.eth/acc (@sassal0x) January 22, 2025 ETH Price Flounders Nevertheless, the situation appears to have created tension between Buterin’s desire to reform the Foundation while maintaining control over leadership decisions. Additionally, the dissent and recent EF ETH sales have dampened ETH prices, which have been consolidating for the past month. ETH has gained 2.4% on the day to reach $3,330 at the time of writing, but most of the other altcoins are still outperforming it. The asset failed to follow Bitcoin, XRP, and Solana to existing or new peaks and remains down 32% from its 2021 all-time high. This is all despite US President Donald Trump actively buying ETH and the premise of staked Ethereum ETFs being approved by the SEC soon. Tension within the Ethereum (and Bitcoin) communities is nothing new, and the ecosystem has survived and improved. the last time there was this dissent in Ethereum was February 2020 with the gory fight and eventual rejection of ProgPoW (this is financial advice) pic.twitter.com/8P8vBJ2qra — DCinvestor (@iamDCinvestor) January 21, 2025 The post Ethereum Foundation Dissent Dampens ETH Price as Vitalik Asserts Authority appeared first on CryptoPotato . coinpedia
