The US-based crypto exchange’s top policy official by trading volume says Trump’s second term will mean a boom for the crypto industry.
According to a new CNBC report, Coinbase’s Faryar Shirzad expects the US under Trump to implement crypto regulations very soon.
At a recent Stand with Crypto event in Britain, Shirzard told CNBC that the Republican Congress will easily pass pro-crypto measures.
“We are having the most pro-crypto conference ever [in] history we have an extremely pro-crypto president coming to power.
I think the combination should finally give the 50 million Americans who own crypto the opportunity to have their interests and voices heard in policy.”
Congress is currently examining two major pieces of crypto-related regulations, including the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act.
According to Shirzad, the Republican Congress is likely to quickly adopt failed actions.
Crypto Political Action Committees (PACs) have raised more than $245 million for this year’s US presidential elections, CNBC reports.
Last week, Coinbase CEO Brian Armstrong said that Senator Elizabeth Warren of Massachusetts and Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), wanted to destroy the crypto industry.
“Warren and Gensler tried to unlawfully kill our entire industry, and it was a major factor in the Democrats losing the election. The Democratic party must realize that Warren is a danger and distance themselves further if they want to have any hope of rebuilding.”
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