Investment bank TD Cowen said in a report on Monday that World Liberty Financial could deepen divisions among Washington lawmakers and hinder legislative efforts.
Jaret Seiberg of TD Cowen's Washington Research Group said the project could become a "major political issue for the cryptocurrency industry" if Trump wins in November.
"After the Trump family established World Liberty Financial, the likelihood of cryptocurrency market structure legislation passing if Trump wins the election is lower," Seiberg wrote. "This is because for political reasons, Democrats will be reluctant to support any bill that is seen as enriching the Trump family." (The Block)