Coinbase Exec Predicts Stablecoin Regulations By 2025 After Trump’s Win

The United States is ready for a global shift in cryptocurrency regulation. Faryar Shirzad, Coinbase’s chief policy officer, predicts a fast-tracked framework for stablecoins under Donald Trump’s presidency starting in January 2025.

At a Coinbase-backed advocacy event in the United Kingdom on Dec. 2, Shirzad expressed optimism that a pro-crypto president in conjunction with a Republican Congress would create a unique opportunity to have ‘clear and supportive crypto policies.’

“We have the most pro-crypto Congress ever [in] history, we have an extraordinarily pro-crypto president coming into office.”

Trump Presidency Sparks Optimism For Pro-Crypto Legislation And Leadership Overhaul

The industry is rekindled with the hope that Donald Trump’s promises to push forward cryptocurrency legislation will be fulfilled. With the Republican Party now controlling the House and the Senate, that environment is widely viewed as the most favorable for cryptocurrency policy in the nation’s capital.

Shirzad emphasized that this political convergence is also important because it serves as momentum to include the approximately 50 million American crypto users who don’t vote for federal elected officials and don’t have a voice in federal policy in the coming debate.

Shirzad expects big movement on these bills in 2025, although immediate legislative progress is unlikely in the current “lame duck” session.

That includes replacing SEC Chair Gary Gensler, who will step down effective Jan. 20, 2025, the same day Trump takes the oath of office. The Trump presidency is beginning a major switch in regulatory leadership.

https://twitter.com/cryptonews/status/1863473481028931720?ref_src=twsrc%5Etfw

Rigorous enforcement actions during that time, which were criticized for stifling innovation and causing uncertainty in the crypto space, were Gensler’s signature. Shirzad claimed that Trump’s administration would appoint a new SEC head who supported the president-elect’s crypto innovation vision.

Stablecoin Regulations: A Priority for 2025

Shirzad said stablecoin regulation is important as they increasingly play roles in global trade and payment. He called the Clarity for Payment Stablecoins Act a critical piece of the puzzle to full market infrastructure in the digital market.

Trump’s victory synchronized legislative processes in the Republican-controlled Congress, allowing legislative reforms regarding crypto to pass smoothly.

First, she noted that there is no better beginning time for the U.S. to become a global leader in the digital asset economy than with an administration pro-crypto and aligned with Congress. He pointed to the potential transformation of regulations into clear regulations, unlocking innovation, attracting investment, and encouraging the adoption of blockchain technologies.

However, the proposed legislation’s exact tax implications and compliance requirements must be confirmed.

Trump’s inauguration is mere days away, and the crypto industry is waiting to see what will happen with cryptocurrency regulation, which is tipping the stage for a historic time. With the Financial Innovation and Technology Act and Clarity for Payment Stablecoins Act, the Future of digital assets could be defined, putting the U.S. at the forefront of the global blockchain economy.

Shirzad concluded with optimism: “This alignment of legislative and leadership brings an unmatched opportunity to realize the full potential of digital assets in the U.S. economy.”