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Jaret Seiberg, Managing Director of TD Cowen, stated that the proposed cryptocurrency regulatory framework by the CFTC is expected to be released as early as 2027, and rule making is expected to be difficult to complete by early 2028, with the risk of legal challenges. The proposed rule requires platforms to maintain reserve certification audits and grants CFTC jurisdiction over state licensed platforms. Jaret Seiberg stated that accelerating the rule making process would increase the risk of court intervention, and legal challenges may continue beyond 2028. (Source: TD Cowen)