CPO of Coinbase "Trump, Virtual Asset Related Laws Will Be Passed Quickly...Expecting Virtual Asset Meeting"
Summary
- "If Trump is elected, laws related to virtual assets are expected to be passed quickly," he said.
- "The 21st Century Financial Innovation Technology Act (FIT21) and the Stablecoin Clarity Act are expected to be quickly handled in Congress," he said.
- "Next year, the provision of a clear regulatory framework for virtual assets is expected," he said.
If Donald Trump, the U.S. presidential candidate, enters the White House, there is an opinion that laws related to virtual assets (cryptocurrency) will be passed quickly.
According to CNBC on the 2nd, Paria Shirzad, the Chief Policy Officer (CPO) of Coinbase, stated, "If Trump is elected, laws related to virtual assets are expected to be passed quite quickly in Congress." According to the media, the U.S. Congress is expected to handle laws related to the '21st Century Financial Innovation Technology Act (FIT21)' and the Stablecoin Clarity Act.
Shirzad CPO said, "We have historically had the most favorable Congress for virtual assets," and "laws such as the Stablecoin Clarity Act and FIT21 are expected to be passed next year."
On the other hand, FIT21 is a bill jointly proposed by the U.S. House Agriculture Committee and the House Financial Services Committee, aimed at providing a clear regulatory framework for digital assets. The bill aims to define the jurisdiction of the SEC and the Commodity Futures Trading Commission (CFTC) over virtual assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
