Odaily Planet Daily News According to a report released on Monday, the research department of investment bank TD Cowen predicts that the regulatory situation for cryptocurrencies in the soon-to-be-launched Trump administration could undergo a 180-degree shift (though this is not guaranteed). Given that the Republican-controlled Senate and House will dominate the political landscape, analysts predict that President-elect Trump will be able to leverage his 'political capital' to push an agenda centered on economic reform, trade, and tax cuts, despite a slim majority. The researchers wrote: 'We believe that once Trump appoints a new SEC chairman, cryptocurrency enforcement may be put on hold. Whether Gary Gensler resigns from the SEC chairmanship or not, Trump can appoint a new chairman on January 20. This does not mean that cryptocurrencies will become the Wild West without any SEC oversight. The new chairman will reassess existing cases and look for ways to more clearly outline how cryptocurrency companies can comply with existing laws, which goes beyond our expectations.' Nevertheless, the researchers believe that 'given the Trump team's focus on extending tax cuts and addressing tariff and trade issues, cryptocurrencies will not become a top priority.' (The Block)