Investment bank TD Cowen: Trump's cryptocurrency executive order is just the beginning, establishing a regulatory framework for the crypto industry will take years

ChainCatcher news, according to The Block, the Washington research team at investment bank TD Cowen stated that while the Trump administration expressed support for the cryptocurrency industry through executive orders, this is only a "simple part."

The head of the research team, Jaret Seiberg, pointed out that every president establishes committees and working groups for important issues, which symbolically shows the Trump team's level of importance placed on cryptocurrencies, but this is different from changes in regulations.

He emphasized that establishing the regulatory rules needed for the industry will take "years, not weeks."