Coinbase's Chief Policy Officer expects that Trump will quickly advance cryptocurrency legislation after taking office

2024-12-02 14:50:18

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According to ChainCatcher news, as reported by CNBC, Coinbase Chief Policy Officer Hilsad stated that he believes cryptocurrency legislation will "move quite swiftly" through Congress after Trump takes office. Trump is well-known for his pro-cryptocurrency policy platform during his campaign. His remarks come as two key pieces of cryptocurrency-related legislation are advancing in Congress.

One is the Republican-sponsored "21st Century Financial Innovation and Technology Act," which aims to establish a legal framework for digital assets. This bill was passed in the House earlier this year. The other is the "Stablecoin Transparency Act," which aims to establish a regulatory regime to license stablecoin issuers—stablecoins are tokens pegged to the value of fiat currencies like the dollar. The stablecoin bill has yet to be voted on in the House.

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