- Donald Trump has been proactive and Kamala Harris has more careful initiatives to support crypto.
- The FIT 21 bill could be a unified framework for adapting and regulating the crypto industry
- Ohio is gaining more traction for crypto industry regulation
Coinbase CEO Paul Grewal shared assumptions regarding the impact of key figures and events on the adaptation of the crypto industry.
In particular, he commented on Donald Trump’s proactive initiatives, Kamala Harris’ careful strategy, the growing importance of Ohio, and the FIT 21 bill in the context of the crypto adaptation strategies and pro-crypto congress in 2024.
Cryptocurrency Support and Candidate Approaches in the 2024 Election
Paul Grewal noted that Donald Trump’s campaign stands out from the rest of the candidates for its proactive support of cryptocurrencies, proposing concrete measures to strengthen the position of digital assets in the U.S.
Kamala Harris, on the other hand, shows a more cautious approach, but despite this, her team has already started to develop strategies and take initiatives to flexibly engage with the crypto industry.
The FIT 21 Bill and Uts Significance for Crypto Regulation
Paul Grewal has focused a lot of attention on the FIT 21 bill, which provides comprehensive measures to protect investors and consumers.
He believes that it can be the foundation for a sustainable and comprehensive legal framework for cryptocurrencies in the U.S. on a national level.
Grewal also emphasized that the Congress that will be formed following the 2024 elections is likely to be pro-crypto, and is quite optimistic about the likelihood of bipartisan passage of the bill.
Ohio’s Role in the Discussion Around Crypto
Ohio, according to Grewal, is becoming a key state in the political context of the future of cryptocurrency regulation with more than a million active participants in the digital asset market.
Grewal noted that both Sen. Sherrod Brown and his opponent, Bernie Moreno, should consider the growing influence of cryptocurrencies in the state, as it could have a critical impact on the outcome of the election and future legislative efforts.
Prospects for Crypto Under a New Administration
Paul Grewal also suggested possible significant changes in crypto regulation by SEC and Gary Gensler if the administration changes after the election.
However, even if that doesn’t happen, Grewal expressed that Coinbase is prepared to continue its legal fight with the SEC.
Conclusion
Paul Grewal has really summarized the last few months of active crypto events in the U.S. quite well, and we are coming to their culmination.
The coming months will show how the election actually turns out and how it will affect regulators and legislation, but his predictions are reasonably optimistic.
We will be watching developments closely.
