The CEOs of Coinbase and Robinhood predict that the Trump administration will clarify the regulatory confusion surrounding cryptocurrency.

On Tuesday, CEOs of firms in the digital asset industry told CNBC that they believe President-elect Donald Trump will bring in new regulation that will facilitate the growth of the industry.

Crypto markets have surged since the election of Trump, with bitcoin reaching unprecedented heights of nearly $90,000, as stated by CEO Vlad Tenev on "Squawk Box."

The Trump administration's stated intention to promote cryptocurrencies and become a global leader in innovation is generating widespread optimism among industry experts.

The Securities and Exchange Commission, headed by Gary Gensler, adopted a confrontational approach to cryptocurrency under the Biden administration, with regulators pursuing legal action against prominent crypto companies, including Coinbase.

During his campaign, Trump seemed to embrace backing from the crypto sector, including delivering a speech at the Bitcoin Conference in the present year.

"Gary Gensler has been unable to provide clarity on big open issues in the U.S. for a long time, but CEO Brian Armstrong believes we finally have a chance to get some regulatory clarity," as stated on "Squawk Box."

Robinhood, a brokerage firm that gained popularity during the "meme-stock" trade in 2021, also provides cryptocurrency trading options. Coinbase, on the other hand, is a trading platform that mainly focuses on cryptocurrencies.