The U.S. cryptocurrency sector could be on the brink of comprehensive regulation as Coinbase’s Chief Policy Officer, Faryar Shirzad, predicts swift legislative progress under President-elect Donald Trump administration . Speaking to CNBC, Shirzad highlighted the potential for rapid advancements, emphasizing the Republican Party’s control over the presidency, House, and Senate as pivotal for pro-crypto policies. Legislative Momentum Builds for Crypto Frameworks Shirzad described the incoming government as the most pro-crypto Congress in history. “We have an extraordinarily pro-crypto president coming into office,” he remarked at a Coinbase-backed event in the U.K. The Republican trifecta in government is expected to smooth the path for two key pieces of legislation that aim to establish clear rules for the digital asset market. The Financial Innovation and Technology for the 21st Century Act, which sets a legal framework for cryptocurrencies, has already passed in the House. Meanwhile, the Clarity for Payment Stablecoins Act, focusing on licensing stablecoin issuers, awaits a House vote. Shirzad expressed optimism about the bills’ eventual passage, though he noted a slim chance for movement during the current lame-duck session. He anticipates significant legislative action by 2025, potentially delivering long-awaited clarity for the 50 million Americans invested in cryptocurrency. The Role of Advocacy and Lobbying Trump victory also underscores the increasing influence of the crypto lobbying machine. According to Federal Election Commission data, crypto-related political action committees (PACs) raised over $245 million in the run-up to the elections. Coinbase-backed advocacy group Stand With Crypto played a critical role, grading lawmakers on their crypto stances and helping nearly 300 pro-crypto candidates secure seats in Congress. The regulatory landscape could see further shifts with the departure of SEC Chair Gary Gensler, who will step down on Jan. 20, coinciding with Trump administration’s inauguration. Gensler’s tenure was marked by aggressive enforcement actions in the crypto space, which many in the industry viewed as stifling innovation. Shirzad refrained from speculating on Gensler’s replacement but expressed confidence in Trump’s ability to appoint a leader aligned with his crypto-friendly vision. “As long as he picks someone who’s a change agent, it will benefit the U.S., society, and crypto holders,” Shirzad stated. The post Trump Presidency Sparks Optimism for Crypto Regulation in US: Coinbase CPO appeared first on TheCoinrise.com .
