Coinbase Chief Policy Officer Silzad said he believes cryptocurrency legislation will advance "fairly quickly" in Congress after Trump enters the White House. Trump was known for his well-known pro-cryptocurrency policy platform during his campaign. His remarks come as two key cryptocurrency-related legislation are advancing in Congress. One is the Republican-sponsored 21st Century Financial Innovation and Technology Act, which aims to establish a legal framework for digital assets. The bill passed the House of Representatives earlier this year. The other is the Payment Stablecoin Clarity Act, which aims to establish a regulatory regime to license stablecoin issuers - stablecoins are tokens pegged to the value of fiat currencies such as the US dollar. The stablecoin bill has not yet been voted on in the House of Representatives.