Coinbase exec sees stablecoin rules becoming clear in 2025

A pro-crypto president and Congress and Coinbase’s policy chief predict crypto laws will be enacted “pretty quickly” under Trump’s leadership.

Coinbase’s senior policy manager expects U.S. cryptocurrency regulations to move quickly when Donald Trump assumes the presidency in January 2025.

Faryar Shirzad, Coinbase’s chief policy officer, told CNBC in an interview on Dec. 2 that crypto legislation will likely move “pretty quickly” through Congress after Trump takes office, pointing to the Republican president-elect’s strong pro-crypto stance and the party’s recent stance did. Control of both the House of Representatives and the Senate.

“We have the most pro-crypto Congress ever and an incredibly pro-crypto president. “This combination will allow the interests of the 50 million Americans who own crypto to be heard in politics.”

Faryar Shirzad

CNBC notes that Shirzad’s comments dovetail with two important crypto-related legislation advancing through Congress: the Financial Innovation and Technology for the 21st Century Act and the Stablecoin Payments Clarity Act.

The first of these aims to create a legal framework for cryptocurrencies and was passed by Parliament earlier this year; The second aims to regulate stablecoin issuers but has not yet been approved by Parliament.

Shirzad expressed optimism that the bills would pass, although he acknowledged that their chances of being considered in the current “lame duck” session are slim. Major progress in both market structure and stablecoin bonds is expected in 2025.