TD Cowen: TRUMP meme coin may hinder bipartisan progress on cryptocurrency market structure legislation

TD Cowen warns that the official meme coin $TRUMP launched by $Trump may hinder bipartisan efforts to advance cryptocurrency market structure legislation, as it could trigger investigations into funding sources and exacerbate partisan divides. Nevertheless, TD Cowen stated that since cryptocurrency legislation was already expected to be completed by 2026, the current investigations are unlikely to cause significant delays in the legislative timeline. As of now, $TRUMP's market capitalization has fallen from a peak of 14 billion to around 8 billion, with a trading price of approximately 42 dollars. (TheBlock)