【TD Cowen: Trump's Social Media Statements Have Limited Impact on Cryptocurrency Legislation Progress】

Odaily Planet Daily News: Investment bank TD Cowen stated that U.S. President Trump recently called on the banking industry and the crypto sector to reach an agreement on the CLARITY Act (Digital Asset Market Clarity Act) via social media. While this statement is positive, it is not enough to break the current legislative deadlock. Jaret Seiberg, Managing Director of TD Cowen's Washington Research Department, noted in a report that Trump frequently speaks out on social media, but a single post has limited actual impact on policy advancement. To make progress on legislation related to crypto market structure, the President needs to directly participate in negotiations between the banking industry and the crypto sector. Seiberg believes that merely expressing positions on social media is unlikely to lead to legislative breakthroughs, and a true solution may require Trump to personally convene relevant parties for negotiations. However, he also pointed out that given the current state of armed conflict between the U.S. and Iran, the likelihood of Trump directly intervening in negotiations in the short term is low. Previously, Trump stated on Truth Social that the banking industry should reach a "reasonable agreement" with the crypto sector and should not oppose provisions allowing crypto platforms to generate yields on stablecoins, in order to push Congress to pass crypto market structure legislation as soon as possible. He also noted that the stablecoin regulation bill passed last year, the GENIUS Act, is being "threatened and weakened" by the banking industry.