According to Coinbase's senior policy director, it is expected that after Trump officially takes office in January next year, Congress will quickly pass regulatory legislation regarding the cryptocurrency industry. The U.S. Congress will quickly pass cryptocurrency legislation. Recently, Coinbase's Chief Policy Officer Faryar Shirzad stated that after Trump officially takes over the White House, Congress will "move quite quickly" to pass cryptocurrency legislation.
He stated that Trump has previously expressed clear support for 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 legislation smoother. "We have the most supportive Congress for cryptocurrency in history, and we will soon have a president who is very supportive of cryptocurrency," Shirzad said. "I believe this combination should ultimately allow 50 million Americans who own cryptocurrency to express their interests and voices in policy." His remarks came as Congress is considering two key pieces of legislation related to cryptocurrency. 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, this bill was passed in the House. The other is the (Stablecoin Transparency Act), which aims to establish a regulatory framework to provide licenses to issuers of stablecoins (tokens pegged to the value of fiat currencies such as the U.S. dollar).
Currently, the bill has not yet passed the House vote. Shirzad expressed an "optimistic" attitude towards the passage of the aforementioned legislation. However, he also mentioned that the likelihood of cryptocurrency legislation being considered during the period before Trump takes office, when Biden is serving as the so-called "lame duck" president, is "very low." Nevertheless, he expects that even if Congress does not greenlight cryptocurrency legislation this year, there will be "significant progress on both 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 is inaugurated—this is good news for the "crypto world" as Gensler is a well-known cryptocurrency skeptic and has consistently advocated for a proactive and stringent regulatory stance on the cryptocurrency industry.
Trump has long promised to find someone to replace Gensler once he takes office. Although Shirzad cannot predict who Trump will choose as the chairman of the SEC, he stated that Trump is "very good at picking people who share his vision." He added, "I believe as long as he (Trump) chooses a change agent, someone who shares his vision, that will be good for America, for society, and for those who hold cryptocurrencies."#BabyMarvinf9c7值得拥🈶
