Coinbase’s Chief Policy Officer, Faryar Shirzad, is optimistic about the rapid regulation of the cryptocurrency industry in the United States following Donald Trump’s election win. With a pro-crypto Congress and a president-elect with a favorable stance on digital assets, Shirzad expects significant movement and potential passage of market structure and stablecoin legislation in 2025.
Shirzad’s comments come as key crypto-related bills, such as the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act, are making their way through Congress. These bills aim to establish a legal framework for digital assets and regulate issuers of stablecoins, respectively.
Fueled by the lobbying efforts of the crypto industry, which raised over $245 million in donations, almost 300 pro-crypto lawmakers will soon take office. The impending departure of U.S. Securities and Exchange Commission Chair Gary Gensler on the day of Trump’s inauguration opens the door for a new appointee who may impact crypto oversight.
Shirzad emphasized the importance of Trump selecting a SEC chair who shares his vision for crypto, believing it will benefit the industry and its stakeholders. With a pro-crypto Congress and supportive president-elect, the future of cryptocurrency regulation in the U.S. looks promising.
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