{"id":29816,"date":"2026-05-26T19:18:20","date_gmt":"2026-05-26T19:18:20","guid":{"rendered":"https:\/\/cp.snarskis.lt\/index.php\/2026\/05\/26\/td-cowen-ispeja-kriptovaliutu-rinkos-reguliavimo-istatymas-jav-siemet-gali-nepasistumeti\/"},"modified":"2026-05-26T19:18:20","modified_gmt":"2026-05-26T19:18:20","slug":"td-cowen-ispeja-kriptovaliutu-rinkos-reguliavimo-istatymas-jav-siemet-gali-nepasistumeti","status":"publish","type":"post","link":"https:\/\/cp.snarskis.lt\/index.php\/2026\/05\/26\/td-cowen-ispeja-kriptovaliutu-rinkos-reguliavimo-istatymas-jav-siemet-gali-nepasistumeti\/","title":{"rendered":"TD Cowen \u012fsp\u0117ja: kriptovaliut\u0173 rinkos reguliavimo \u012fstatymas JAV \u0161iemet gali nepasist\u016bm\u0117ti"},"content":{"rendered":"<p>Investicinis bankas TD Cowen persp\u0117ja, kad JAV kriptovaliut\u0173 rinkos strukt\u016bros reguliavimo \u012fstatymo projektui \u0161iais metais gali pritr\u016bkti politin\u0117s valios. Analitik\u0173 vertinimu, aplinka Kapitolijuje prast\u0117ja, tod\u0117l did\u0117ja tikimyb\u0117, kad sprendimai bus atid\u0117ti.<\/p>\n<p>Kalbama apie vadinam\u0105j\u012f Clarity Act \u2013 iniciatyv\u0105, kuria siekiama ai\u0161kiau apibr\u0117\u017eti, kaip JAV tur\u0117t\u0173 b\u016bti pri\u017ei\u016brimos kriptovaliut\u0173 rinkos, kokios agent\u016bros u\u017e k\u0105 atsakingos ir kokie reikalavimai taikomi rinkos dalyviams. Tokie \u012fstatymai rinkoje paprastai vertinami kaip bandymas suma\u017einti teisin\u012f neapibr\u0117\u017etum\u0105, kuris pastaraisiais metais skatino gin\u010dus tarp reguliuotoj\u0173 ir sektoriaus.<\/p>\n<p>TD Cowen Va\u0161ingtono tyrim\u0173 grup\u0117s vadovas Jaretas Seibergas nurodo, kad Demokratams politi\u0161kai darosi vis sunkiau remti \u0161\u012f projekt\u0105. Pasak jo, \u012fvair\u016bs pastarojo meto skandalai ir gin\u010dai, susij\u0119 su prezidento Donaldo Trumpo administracija, didina spaudim\u0105 \u012fstatyme numatyti grie\u017etesnes interes\u0173 konflikt\u0173 nuostatas.<\/p>\n<p>\u201ePolitin\u0117 aplinka d\u0117l Clarity Act darosi vis blogesn\u0117, tod\u0117l i\u0161liekame pesimisti\u0161ki, kad \u0161is \u012fstatymas \u0161iemet taps realybe\u201c, \u2013 sak\u0117 Jaretas Seibergas.<\/p>\n<p>Analitiko teigimu, \u012ftampa kyla ne tik Demokrat\u0173 stovykloje. Respublikonams, kurie da\u017enai palankiau vertina kriptovaliut\u0173 industrijos argumentus d\u0117l inovacij\u0173 ir konkurencingumo, taip pat sud\u0117tinga stumti projekt\u0105 \u012f priek\u012f, jei tai reik\u0161t\u0173 balsavimus d\u0117l patais\u0173, tiesiogiai nukreipt\u0173 \u012f prezidento interes\u0173 konflikt\u0173 ribojim\u0105.<\/p>\n<p>TD Cowen vertinimu, augant politinei kainai, gali \u012fsijungti \u012fprastas Va\u0161ingtono mechanizmas: delsimas. \u012estatym\u0173 leid\u0117jai gali laukti, ar skandalai ir gin\u010dai nuslops, ta\u010diau tuo pat metu art\u0117jantis rinkim\u0173 ciklas ma\u017eina \u201elang\u0105\u201c kompromisui ir balsavimams.<\/p>\n<p>Banko analitikai jau anks\u010diau yra signalizav\u0119, kad realiausias terminas tokiems projektams da\u017enai b\u016bna iki vasaros pertraukos, o nesusp\u0117jus sprendimai gali nusikelti \u012f kitus metus. Tokiu atveju, net ir pri\u0117mus \u012fstatym\u0105 v\u0117liau, praktinis jo \u012fgyvendinimas bei detalios taisykl\u0117s gali u\u017etrukti dar kelerius metus.<\/p>\n<p>Kriptovaliut\u0173 rinkai tai rei\u0161kia, kad neapibr\u0117\u017etumas d\u0117l reguliavimo JAV gali i\u0161likti ilgiau, o \u012fmon\u0117ms teks toliau laviruoti tarp skirting\u0173 agent\u016br\u0173 po\u017ei\u016bri\u0173 ir teisin\u0117s rizikos. Kita vertus, pats procesas rodo, kad politinis spaudimas sukurti ai\u0161kesnes \u017eaidimo taisykles niekur nedingsta, tik \u0161iuo metu stringa d\u0117l interes\u0173 konflikt\u0173 ir partij\u0173 kovos.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TD Cowen teigia, kad Clarity Act \u0161iemet JAV gali nepasiekti fini\u0161o: politin\u0117 \u012ftampa did\u0117ja, o gin\u010dai d\u0117l interes\u0173 konflikt\u0173 apsunkina kompromis\u0105.<\/p>\n","protected":false},"author":0,"featured_media":29817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[94],"tags":[115,353,22053,1603,114,5209,22200],"miestas":[],"class_list":["post-29816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansai","tag-bitcoin","tag-donaldas-trumpas","tag-interesu-konfliktai","tag-jav-kongresas","tag-kriptovaliutos","tag-rinkos-reguliavimas","tag-td-cowen"],"acf":[],"_links":{"self":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/29816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/comments?post=29816"}],"version-history":[{"count":0,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/29816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media\/29817"}],"wp:attachment":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media?parent=29816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/categories?post=29816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/tags?post=29816"},{"taxonomy":"miestas","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/miestas?post=29816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}