TD Cowen: Crypto firms may push legislation to "derail" the entire cryptocurrency industry
2024-06-10 15:28:46
TD Cowen, an investment bank, believes that increased regulation could disrupt the cryptocurrency industry. Its report says that the industry often joins forces to push a legislative agenda, backed by coordinated lobbying. However, when Congress starts to focus on a particular industry, businesses start to focus on legislation that benefits them. This forces lawmakers to take sides within the industry, undermining the industry's overall progress.
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