Summary
- TD Cowen warned that President Trump's virtual asset business could hinder related legislative efforts.
- The report stated that Trump's business is causing industry backlash and intensifying political risk.
- It was noted that political risk is increasing, which is an element virtual asset investors should be aware of.
The American investment bank TD Cowen warned in a report that U.S. President Donald Trump's virtual asset (cryptocurrency) business could hinder related legislative efforts.
According to the virtual asset specialized media The Block on the 15th (local time), the report stated, "Trump's virtual asset business is causing backlash within the industry, thereby intensifying political risk," and analyzed that "this could pose a threat to virtual asset-related legislation and regulatory reform."
It continued, "While we do not see political risk derailing the virtual asset legislative process, the related risk is not decreasing but rather increasing," adding, "This is an element that virtual asset investors should be aware of."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
