The United States' cryptocurrency regulations need more clarity about stable coins and banking relationships before the legislators prioritize tax reform, in response to industry leaders and legal experts.
“In my opinion, the tax shouldn’t be necessarily the priority for improving US crypto regulation,” said Mattan Erder, General Counsel at Layer-3 decentralized blockchain network balls.
A “tailor -made regulatory approach” for areas, including securities laws and removal of “obstacles in banking”, has priority for US legislators with “more advantage” for the industry, Erder told CoinTelegraph.
“The recent Trump government is clearly in crypto and takes steps, of which we could have dreamed only a couple of years ago (even during his first term),” he said. “It is probably going that cryptor regulation has all the pieces and can grow to be much clearer and more rational in all areas, including taxes.”
Nevertheless, Erder found that there are limits that President Donald Trump can achieve solely through measures and measures to grow to be the supervisory authority. “At some point the laws should change themselves, and for that he’ll need the congress,” he said.
Trump's executive order dated March 7, which the federal government proves to establish a national Bitcoin reserve with crypto assets, was considered a signal for the growing support of the federal government for digital assets.
Persist
Despite the recent pro-crypto movements by the administration, industry experts say that crypto firms could proceed to return to difficulty with not less than January 2026.
“It is premature to say that the Debanking is over”, since “Trump only appointed a brand new governor in January,” said Caitlin Long, founder and CEO of Custodia Bank, in the course of the Chainreaction Daily X Show from Cointelegraph.
The crypto -Debank crisis: #chainrection https://t.co/nd4qkkzknb
– Cointelegraph (@coinelegraph) March 21, 2025
The outrage of the industry concerning the alleged debanking achieved a crescendo when a lawsuit made by Coinbase in June 2024 led to letters that the bank supervisory authorities signed to “pause” crypto banking.
Stablecoin laws could unlock recent growth
David Pakman, managing partner of the Crypto Investment company Coinfund, said that a regulatory framework from StableCoin could encourage more traditional financial institutions to use blockchain-based payments.
“Some of the doubtless potentially suitable laws within the United States will loosen a lot of the standard banks, financial services and payment firms on crypto rails,” said Pakman in the course of the CoinTelegraph on March twenty seventh in the course of the Chainreacection Live X Show.
“We hear this first-hand once we refer to you. You wish to use crypto rails as a lower, transparent, across the clock and no moderate-dependent network for the transfer of cash.”
The comments come when the industry expects progress among the many US StableCoin law regulations, which, in response to Bo Hines, the chief director of the President's Council, can happen in the subsequent two months.
The Genius Act, an acronym for the management and creation of national innovations for US stablecoins, would determine guidelines for collateralization for stable coin emitters and at the identical time require the fully compliance with the laws on the laundry laundry.
