TD Cowen "Trump Meme Coin Could Negatively Impact Crypto Legislation"

There are claims that the Official Trump (TRUMP) meme coin, which gained significant attention, could negatively impact cryptocurrency legislation.

On the 21st (local time), according to the cryptocurrency specialist media The Block, TD Cowen pointed out in a report that "Trump's meme coin could pose a threat to bipartisan cryptocurrency market structure legislation."

Specifically, the report stated, "The Democratic Party will demand details on whether foreign governments and companies have purchased the Trump meme coin," predicting that this could heighten tensions between parties.

Furthermore, the report explained, "However, the possibility of a delay in passing cryptocurrency legislation has already been discussed. It is predicted that as both parties focus on midterm election campaigns, the passing of cryptocurrency legislation will be delayed until 2026."