Kimberly Prior and Daniel Stabile Discuss Cryptocurrency Legislations Under Second Trump Administration with Moniify

Winston & Strawn Digital Assets Group Co-Chairs Kimberly Prior and Daniel Stabile were quoted in Moniify discussing the outlook for cryptocurrency legislations under a second Trump Administration. 

Although Republicans have a majority in the 100-seat Senate, with 53 senators, most bills need to get 60 votes to avoid a filibuster, which can allow the minority to block laws. There has been increasing bipartisan support of digital asset-related legislation, and Kim noted that the Senate will continue to “work across the aisle,” particularly because “[m]ost in the industry do not want a . . . half-based legal framework.”

Moreover, Daniel noted that bills relating to tax and spending could be passed with a simple majority through a “reconciliation” process, and that advocates for the digital asset industry are “actively looking to see what components can be passed through that process.”

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