TD Cowen Anticipates Increased Regulation of Cryptocurrency Industry Under Vice President Kamala Harris
CryptoNewsTerminal Staff19 Aug, 2024
TD Cowen Anticipates Increased Regulation of Cryptocurrency Industry Under Vice President Kamala Harris
According to a recent analysis by US investment bank TD Cowen, the election of Vice President Kamala Harris could have potential implications for the cryptocurrency industry. TD Cowen believes that while Harris may be more open to the crypto industry compared to President Biden, it is unlikely to become a priority for her. They anticipate continued strict regulation of the industry, with the SEC maintaining an enforcement-focused approach. Historically, Democratic lawmakers have shown less support for cryptocurrencies compared to their Republican counterparts, which could further contribute to the regulatory challenges faced by the industry.
