As a seasoned crypto investor with a knack for spotting trends and navigating the ever-evolving landscape of digital currencies, I find myself increasingly optimistic about the future under President Trump’s leadership. The pro-crypto stance of our incoming president, coupled with a Congress that leans strongly in favor of cryptocurrencies, promises a significant shift in the regulatory environment for digital assets.
Under the administration of a favorable president towards cryptocurrencies and with supportive members in Congress, the policy head of Coinbase anticipates that crypto regulations could be established at a relatively swift pace during Trump’s term.
The leading policy expert at Coinbase anticipates that regulations for cryptocurrencies in the United States will progress swiftly following Donald Trump’s inauguration as president in January 2025.
In a conversation with CNBC on December 2nd, Coinbase’s chief policy officer Faryar Shirzad expressed his belief that cryptocurrency legislation could advance rapidly through Congress following Donald Trump’s presidency. He cited Trump’s supportive stance towards cryptocurrencies and the Republican party’s current control of both the House of Representatives and the Senate as reasons for this optimism.
With a highly supportive Congress for cryptocurrency and a president strongly in favor of it, this alliance is expected to amplify the voices of the approximately 50 million American crypto owners in shaping future policies.
Faryar Shirzad
According to CNBC, Shirzad’s remarks come at a time when two key bills concerning cryptocurrency are moving forward in Congress: the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act.
1) The initial bill is designed to create a regulatory structure for cryptocurrencies and was previously accepted in the House this year. On the other hand, another bill intends to control stablecoin issuers, but it’s still waiting for approval from the House.
As an analyst, I share Shirzad’s optimistic outlook regarding the passing of the proposed bills; however, I must admit that the likelihood of their consideration during this “lame duck” session appears to be minimal. Looking ahead, I anticipate significant advancements on both market structure and stablecoin bills in the year 2025.
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2024-12-02 11:08