TD Cowen: It may take years, not weeks, for the United States to create the necessary cryptocurrency regulatory framework

Odaily reports that investment bank TD Cowen stated that the Donald Trump administration has taken preliminary steps to demonstrate its support for the cryptocurrency industry, but meaningful regulatory clarity is still far from being immediately realized. On Thursday, Trump signed an executive order establishing a digital asset market working group, tasked with identifying and eliminating barriers to cryptocurrency innovation. TD Cowen's Washington research team said that every president sets up committees and working groups on key issues. This is significant symbolically, as it reflects how the Trump team prioritizes cryptocurrencies, but this differs from rule changes, and the development of the rules needed for the industry will take years, not weeks. ()