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"It just tells you what happens when you've got a handful of demagoguing politicians who pick on a group of Americans who are trying to build an industry here and try to use unlawful means to do so," said Faryar Shirzad, Coinbase's chief policy officer.
The Outlook for Crypto Policy Under a Pro-Crypto Administration
With a more crypto-friendly administration in place, the industry is hopeful for tangible policy changes that will provide the regulatory clarity it has long sought. Shirzad outlined two key priorities:
Legislation to give the CFTC authority to regulate crypto commodity spot markets and direct the SEC to create openings for tokenized securities trading.
Rules around the issuance of U.S. dollar-backed stablecoins, which make up 98% of the stablecoin market.
Shirzad believes these measures could come quickly, unlocking significant opportunities for the industry to build the "next generation of the payments infrastructure and financial architectu
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