U.S. cryptocurrency regulations require more clarity in relationships with stablecoins and banking before lawmakers prioritize tax reform, according to industry leaders and legal experts.
“In my view, the tax does not require priority for upgrading US crypto regulation,” according to Mattan Erder, general advice on layer-3 decentralized blockchain network orbs.
An “appropriate regulation” approach for areas including security laws and removal of “banking barriers” is a priority for US lawmakers with “more upside down” for the industry, Erder told Cointelegraph.
“The new Trump administration is clearly all in crypto and taking steps that we can only dream about a few years ago (including his first term),” he said. “It seems likely that crypto regulation can have everything and get clearer and rational regulations in all areas, including taxes.”
However, Erder noted that there were limitations on what President Donald Trump could accomplish through executive orders and regulation of the agency’s actions only. “For a moment, the laws themselves had to change, and for that, he would need Congress,” he said.
Trump’s March 7 Executive Order.
Related: Trump turned to crypto from the ‘oppressed industry’ to ‘centerpiece’ of approach to us
Establishing concerns remain
Despite the recent pro-crypto moving the administration, industry experts say crypto companies Can continue to deal with difficulties with access to banking until at least January 2026.
“It’s early to say that debanking is over,” because “Trump will not have the ability to appoint a new Fed governor until January,” Caitlin Long, founder and CEO of Custodia Bank, said during Cointelegraph’s time Chainreaction Early Sales Out on X.
The Crypto Debanking Crisis: #Chainraaction https://t.co/nd4QKKZKNB
– Cointelegraph (@cointelegraph) March 21, 2025
The anger of the industry in the alleged Deban landed on a crescendo When a June 2024 Coinbase -led lawsuit resulted in the release of letters showing us banking regulators asked some financial institutions to “I -Pause” crypto banking activities.
Related: Bitcoin can benefit from US Stablecoin Dominance Push
Stablecoin law can unlock new growth
David Pakman, who is in charge of Crypto Investment Firm’s partner Coinfund, said a Stablecoin regulation framework could encourage more traditional financial institutions to adopt blockchain-based payments.
“Some of the potential legitimate laws in the US, such as the Stablecoin Bill, will open many of the traditional banks, financial services and payment companies on crypto metals,” Pakman said during Cointelegraph’s time Chainreaction Live X Show on March 27.
“We hear it right when we talk to them; they want to use crypto metals as a lower cost, transparent, 24/7, and no network relying on the Middleman for money transfer.”
Comments come as industry Awaiting the development of US Stablecoin lawThat may come soon in the next two months, according to Bo Hines, the executive director of the President’s Council of Advisers in Digital Assets.
The Genius Act, an acronym for guiding and establishing a national change for US stablecoins, will establish collateralization guidelines for those who provide stablecoin while in need of full compliance with anti-money laws.
https://www.youtube.com/watch?v=3Dyench-2IS
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
