TD Cowen: Harris may implement stricter cryptocurrency investor protection measures than Trump

News on August 19, according to CNBC, TD Cowen analyst Jaret Seiberg pointed out in a report that compared with the current Biden administration, Kamala Harris might be more favorable to cryptocurrencies if she were elected president. Although this may not be a priority and the industry could still face hostile regulatory agencies. Seiberg also noted that campaign rhetoric does not necessarily translate into policy action. While Donald Trump recently portrayed himself as an advocate for cryptocurrency, his record during his first term suggests that his regulators might not be more tolerant of cryptocurrencies in a second term. Seiberg predicts that the Harris administration would likely support investor protection efforts and maintain SEC's role in regulating tokens and trading platforms. Measures for investor protection under the Harris administration might be slightly stricter than those under the Trump administration, said Seiberg.