Coinbase Legal Chief Officer urges the SEC to engage with the crypto sector as Trump’s presidency promises potential regulatory changes.
Coinbase’s Chief Policy Officer, Faryar Shirzad, shared positive expectations for the future of crypto legislation in the United States. He spoke to the media about the likelihood of swift action in Congress after Donald Trump takes office. Shirzad pointed out that the new president’s pro-crypto platform would be key in driving legislative changes. He said that major developments would be seen in 2025 in terms of market structure and regulation of stablecoins.
Shirzad said that the recent elections where the Republican Party won the House and Senate will ensure that passing of crypto laws becomes easier. He added that the significant sum of money that crypto-related PACs and industry groups contributed to pro-crypto campaigns—more than $245 million—was another factor that could accelerate the process of legislation.
Crypto Industry Awaits New Regulatory Approach Under Trump
Other opinions regarding the future of crypto regulations after Trump’s victory also came from a16z Crypto’s experts, including Miles Jennings, Michele Korver, and Brian Quintenz. They said that they are optimistic that the election will not prevent innovation in the sector. Although they agreed that it was early to get exact results, they expected the U.S. government would sustain the development of crypto. The experts said that there would be talks and arguments in the following several months.
Paul Grewal, Coinbase’s Chief Legal Officer, also spoke out after Trump’s victory. In his testimony, he urged the U.S. Securities and Exchange Commission (SEC) to shift its strategy toward the crypto sector. Grewal posted on x, demanding the SEC to decipher the meaning of the election results.
He noted that Trump’s victory was a signal for change by the American people, as well as the cryptocurrency regulation. He urged the SEC to cease with the practice of suing the industry and instead engage in discussions as well as promulgation of rules. Grewal further went on to say that the SEC should interact with crypto without further delay.
As Trump is preparing for the presidency and becoming the 47th president of the United States, the crypto industry awaits further developments. The emphasis is made on how the new administration will govern digital assets. It remains uncertain how soon new legislation will be put into practice, but the industry is optimistic. The next few months will be crucial in shaping U.S. crypto policies. This could be a major turning point for the sector, influencing how it evolves and interacts with the broader financial system.
