📣 Coinbase Predicts Rapid Crypto Market Reforms
posted 2 Dec 2024
Chief policy officer at Coinbase Faryar Shirzad expressed confidence that the incoming U.S. administration will promptly approve cryptocurrency laws following Donald Trump’s inauguration in January 2025. Shirzad noted that the current administration is unlikely to take similar steps.
Shirzad attributes his optimism to the new president and the Republican majority in both the Senate and the House of Representatives, highlighting their strong support for the crypto industry. He also pointed out that the new administration has promised to replace anti-crypto officials in key regulatory agencies.
I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy,Shirzad added.
Two major bills are currently under consideration. The first establishes a comprehensive regulatory framework for the cryptocurrency market and has already been approved by Congress. The second focuses on creating a legal framework for stablecoin issuers but has not yet received final approval and remains the subject of ongoing debate.
Shirzad predicts that both bills could be enacted by the end of winter. If not, he is confident they will pass by the end of 2025. He also emphasized Donald Trump’s ability to appoint leaders to key positions who align with his vision for advancing the crypto industry and strengthening the U.S. economy.
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