President Trump’s appointment of Acting SEC Chair signals a pro-crypto shift, with promises of clearer regulations to foster innovation and economic growth. Acting SEC Chair Pushes for Clearer Crypto Regulation, Replacing Gensler’s Tough Stance President Donald Trump has appointed Mark T. Uyeda as Acting Chairman of the U.S. Securities and Exchange Commission (SEC), the agency
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Crypto Legislation in the US May Be Finalized by 2026, Says TD Cowen, But!
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. Bitcoin.com
SEC Forms Task Force to Establish Clearer Crypto Regulations
The SEC launches a groundbreaking crypto task force, aiming to replace reactive enforcement with clear, innovation-friendly regulations. Led by “Crypto Mom,” Hester Peirce, this initiative promises seismic shifts in the digital asset landscape. Clearer Crypto Guidelines Ahead as SEC Forms New Task Force: ‘The SEC Can Do Better’ The U.S. Securities and Exchange Commission (SEC) Bitcoin.com