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Coinbase CEO Brian Armstrong: Bitcoin as a Safe Hedge Against Inflation and Deficit Spending
In a recent statement at the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong emphasized the role of Bitcoin as a viable hedge against inflation and deficit spending. TimesTabloid
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. TimesTabloid
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SEC to Hold First Meeting Under Mark Uyeda’s Leadership
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