Trump must take decisive action for crypto regulations.

Uncertainties continue in the US cryptocurrency market regarding the legalization of regulations. Investor interest and market dynamics have increased, especially with the recent movements of cryptocurrencies. However, according to a report prepared by TD Cowen, the personal intervention of former President Donald Trump is seen as necessary to overcome these uncertainties.

The establishment of a legal framework for cryptocurrencies is currently at an impasse due to disagreements among sector stakeholders. Investment bank TD Cowen emphasizes the need for the highest level of intervention from the White House to resolve this situation. In particular, the conflicts of interest between the banking sector and cryptocurrency companies are emerging as key factors that slow down the legislative process.

Jaret Seiberg, General Manager of TD Cowen's Washington Research Group, stated that Trump's intervention is necessary for the cryptocurrency and banking sectors to make the necessary compromises. Meetings held with the participation of the White House's cryptocurrency advisor, David Sacks, have discussed how to handle stablecoin rewards. While banks are concerned that these rewards could shift traditional deposits to cryptocurrency platforms, giants like Coinbase argue that banks are trying to hinder competition.

These political obstacles in the sector and demands for investor protection are emerging as another challenge in the legislative process. Senate Democrats request the implementation of stringent standards to prevent money laundering and rules regarding conflicts of interest. It is expected that provisions preventing senior government officials and their families from controlling cryptocurrency asset platforms will be added to the law. Investment claims related to the World Liberty Financial project, associated with the Trump family, further increase political tension.

Seiberg expresses that it is not impossible for a regulatory law to emerge in 2026, but the path is becoming increasingly bumpy. The uncertainties in the sector and the decisions to be made by regulatory bodies may reduce the urgency of legal regulation for some players. Key points for investors to pay attention to in this process include monitoring the legalization process of cryptocurrencies and the dynamics between the banking and cryptocurrency sectors. Considering these developments when investing in the crypto world is critically important for investors.