Golden Finance reported that investment bank TD Cowen said that the Trump administration may bring positive changes to crypto entities that work with banks, but expectations for this new regulatory environment should be “within a reasonable range.” Banks have a responsibility to comply with anti-money laundering (AML) and Bank Secrecy Act (BSA) rules and manage risks such as liquidity and concentration, TD Cowen's Washington research group, led by Jaret Seiberg, wrote in a report. Analysts said: “Even if Trump’s regulators become less concerned about the increased links between traditional finance and cryptocurrencies, this will cause some banks to remain cautious, which is why some banks may still think the risks are too great, and Others will seize the opportunity. Additionally, some cryptocurrency entities may resist any government oversight, which may limit how comfortable banks are with working with them.” Nonetheless, Jaret Seiberg said that under the Trump administration, the connection between traditional finance and cryptocurrencies will be “inevitable.”