When it comes to news, investment bank TD Cowen believes that the nomination of two Democratic Commodity Futures Trading Commission (CFTC) commissioners by US President Joe Biden could impact the future attitude of regulatory agencies towards cryptocurrencies. Last week, President Joe Biden nominated CFTC commissioner Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation, and Kristin Johnson to serve as Assistant Secretary of the Treasury for Financial Institutions, both commissioners have called on the agency to issue rules or guidelines to protect consumers and address conflicts of interest in the cryptocurrency space. The TD Cowen Washington research group, led by Jaret Seiberg, stated in a report, “In the short term, this could be beneficial for cryptocurrencies, as CFTC Chairman Rostin Behnam is one of President Biden’s strong advocates for cryptocurrencies.”
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