According to Coinbase's senior policy officer, it is expected that the U.S. Congress will quickly pass regulatory legislation regarding the cryptocurrency industry after Trump officially takes office in January. Recently, Coinbase's Chief Policy Officer Faryar Shirzad stated that after Trump officially enters the White House, the U.S. Congress will "fairly quickly" pass cryptocurrency legislation.
He stated that Trump has previously made it clear that he supports cryptocurrency, and at the same time, the Republican Party has gained control of both the House and the Senate, which should make the process of Congress approving cryptocurrency laws smoother. "We have the most crypto-friendly Congress in history, and we will soon have a very crypto-friendly president," Shirzad stated, "I believe this combination should ultimately allow the 50 million Americans who own cryptocurrency to express their interests and voices in policy." His comments came as the U.S. Congress is considering two key pieces of cryptocurrency-related legislation. One of them is the (21st Century Financial Innovation and Technology Act), initiated by the Republicans. This bill aims to establish a legal framework for digital assets. Earlier this year, the bill was passed in the House. The other is the (Stablecoin Transparency Act), which aims to establish a regulatory regime that provides licenses to issuers of stablecoins (tokens pegged to the value of fiat currencies like the dollar).
Currently, the bill has not passed a vote in the House of Representatives. Shirzad expressed an "optimistic" outlook on the legislation's passage. However, he also mentioned that the chances of cryptocurrency legislation being considered during the period before Trump takes office, when Biden is serving as the so-called "lame duck" president, are "very small." Nevertheless, he expects that even if Congress does not give the green light to cryptocurrency laws this year, significant progress will be made on the two pieces of legislation by 2025, and they are expected to pass. Who will be the next SEC chairman? Last month, SEC Chairman Gary Gensler announced that he would resign on January 20, the day Trump takes office—this is considered good news for the "crypto community," as Gensler is a well-known cryptocurrency skeptic and has advocated for a proactive and strict stance on regulating the cryptocurrency industry.
Trump has long promised that he would replace Gensler once he takes office. Although Shirzad could not predict who Trump would choose to be the chairman of the SEC, he stated that Trump is "very good at picking people who share his vision." He added, "I think as long as he (Trump) picks a change agent, someone who shares his vision, I think that will be good for America, for society, and for those who own cryptocurrency."#BabyMarvinf9c7值得拥🈶
