Trump's Election Signals Potential Crypto Policy Overhaul as Bitcoin Hits Record Highs

Pro-crypto stance of President-elect Trump and Republican Congress raises expectations for swift cryptocurrency legislation in 2025.

Bitcoin prices have surged past $99,000 following Donald Trump's election victory and his pro-crypto policy platform.
Coinbase Chief Policy Officer Faryar Shirzad predicts rapid passage of key crypto legislation under the new administration.
Two major bills, the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act, are poised for consideration in the Republican-majority Congress.
The incoming administration plans to shift significant regulatory authority over crypto markets from the SEC to the CFTC, signaling a major policy shift.
Crypto lobbying efforts raised over $245 million during the election cycle, with nearly 300 pro-crypto lawmakers set to take office in January 2025.