As Bitcoin Surges, Coinbase Exec Expects Swift Legislation Thanks To Trump And The ‘Most Pro-Crypto Congress Ever’
Coinbase Inc. (NASDAQ:COIN) Chief Policy Officer Faryar Shirzad expects swift passage of cryptocurrency legislation under President-elect Donald Trump‘s administration, as Bitcoin (CRYPTO: BTC) prices surge to record levels amid expectations of a dramatic shift in U.S. crypto policy.
What Happened: Trump’s victory, coupled with Republican control of Congress, has energized the cryptocurrency industry, pushing Bitcoin above the $99,000 mark.
Trump’s pro-crypto stance marks a significant departure from the current regulatory environment, with plans ranging from establishing a national Bitcoin reserve to expanding the Commodity Futures Trading Commission’s oversight of digital assets.
“We have the most pro-crypto Congress ever in history, we have an extraordinarily pro-crypto president coming into office,” Shirzad told CNBC, highlighting the potential for rapid legislative action in 2025. “I think the combination should finally allow the 50 …
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