PANews reported on December 2 that according to CNBC, Coinbase Chief Policy Officer Faryar Shirzad said that with Trump's election as president and the Republican Party in control of Congress, US crypto legislation is expected to advance rapidly. He expects key bills to be passed in 2025, including the 21st Century Financial Innovation and Technology Act and the Payment Stablecoin Act, to establish a framework for digital assets and stablecoin regulation.
In addition, SEC Chairman Gary Gensler will step down in January next year, and Trump may appoint a successor who is more supportive of the crypto industry, and the policy environment for the crypto industry will continue to improve. This election shows that the influence of the crypto field has increased significantly, with crypto-related PACs raising more than $245 million and nearly 300 crypto-supportive congressmen entering Congress.
