PANews reported on December 2, according to CNBC, that Coinbase Chief Policy Officer Faryar Shirzad stated that with Trump's election as president and the Republican Party controlling Congress, U.S. crypto legislation is expected to advance rapidly. He anticipates the passage of key legislation by 2025, including the (21st Century Financial Innovation and Technology Act) and the (Stablecoin Payments Act), to establish a framework for the regulation of digital assets and stablecoins.
In addition, SEC Chairman Gary Gensler will step down in January next year, and Trump may appoint a successor who is more supportive of the cryptocurrency industry, leading to continued improvement in the policy environment for the crypto industry. This election shows a significant increase in the influence of the crypto sector, with crypto-related PACs raising over $245 million and nearly 300 pro-crypto lawmakers entering Congress.