TD Cowen Analyst Says Trump Social Post Insufficient to Advance Crypto Bill Before August Recess

TD Cowen's Jaret Seiberg said Donald Trump's recent social media post urging passage of crypto legislation is "not enough" to advance the bill, according to comments shared by Yogita Khatri. Seiberg said direct engagement and meetings with involved parties would likely be required to push the CLARITY Act forward, but noted this could prove challenging while the U.S. is engaged in armed conflict with Iran. He added that the effective deadline to enact the legislation is the start of the August recess.