Coinbase Exec Faryar Shirzad predicts swift U.S. crypto regulation under Trump in 2025, driven by Republican control of Congress.
The chief policy executive of Coinbase anticipates that U.S. cryptocurrency regulations will progress rapidly upon Donald Trump’s assumption of the presidency in January 2025.
Coinbase Exec Prediction
Faryar Shirzad, the chief policy officer of Coinbase, stated in an interview with CNBC on December 2 that crypto legislation is expected to advance “quite rapidly” through Congress following Trump’s inauguration.
Shirzad attributed this to the Republican president-elect’s strong pro-crypto stance and the party’s recent control of both the House of Representatives and the Senate.
“We have the most pro-crypto Congress ever and an extraordinarily pro-crypto president. This combination should allow the 50 million Americans who own crypto to have their interests heard in policy.”
Faryar Shirzad
The Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act are two significant pieces of crypto legislation that are advancing through Congress, as noted by CNBC. Shirzad’s comments are aligned with these bills.
The first bill, which was passed by the House earlier this year, is intended to establish a legal framework for cryptocurrencies. The second bill, which is intended to regulate stablecoin issuers, has not yet been approved by the House.
Shirzad is optimistic that the bills will be passed, despite the fact that the likelihood of their being considered during the current “lame duck” session is minimal. He anticipates substantial advancements in the market structure and stablecoin bills in 2025.
