American regulations on cryptocurrencies need more clarity on stablescoins and banking relations before legislators favor tax reform, according to industry leaders and legal experts.
“In my opinion, the tax is not necessarily the priority for upgrading American cryptography regulations,” according to Mattan Erder, general lawyer for the decentralized orbs of the blockchain network.
A “tailor -made regulatory approach” for areas such as securities laws and the abolition of “obstacles in banking services” is a priority for American legislators with “more upwards” for industry, Erder on Cintelelegraph told Erder.
“The new Trump administration is clearly entirely on the crypto and takes measures which we could not have dreamed of a few years ago (including during its first mandate),” he said. “It seems likely that cryptographic regulations can have everything and obtain much clearer and rational regulations in all areas, including tax.”
However, Erder noted that there are limits that President Donald Trump can perform by executive decrees and the action of regulatory agencies. “At one point, the laws themselves will have to change, and for that, he will need the congress,” he said.
The executive decree of March 7 of Trump, which ordered the government to establish a Bitcoin national reserve using cryptographic assets seized in criminal cases, was considered a signal for increasing federal support for digital assets.
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Depanting concerns remain
Despite the recent pro-Crypto movements of the administration, industry experts claim that cryptographic companies could continue to encounter difficulties in bank access until the least January 2026.
“It is premature to say that the gambling is finished” because “Trump will not have the possibility of appointing a new governor of the Fed before January,” said Caitlin Long, founder and CEO of the Custodia Bank, during the Daily X Show chainrection of Cointelegraph.
The cryptocurrency crisis: #ChainreAction https://t.co/nd4qkkzkn
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The indignation of industry in the face of an alleged dispenser reached a crescendo when a trial of June 2024 led by Coinbase led to the publication of letters showing that American bank regulators have asked certain financial institutions to “take a break” of crypto-banque activities.
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Stablecoin legislation could unlock new growth
David Pakman, managing partner of the investment company of Crypto Coinfund, said that a regulatory framework for Stablecoin could encourage more traditional financial institutions to adopt blockchain -based payments.
“Part of the legislation potentially soon passed in the United States, such as the Stable bill, will unlock many traditional banks, financial services and payment companies on cryptographic rails,” Pakman said during the Live X chainrection of the Cointelegraph Cointerection on March 27.
“We hear this first -hand when we talk to them; They want to use cryptographic rails such as a low -cost, transparent, 24/7 network and no network dependent on the intermediary to transfer money. ”
The comments come when industry expects progress on American legislation on Stablecoin, which could arrive as soon as in the next two months, according to Bo Hines, executive director of the President’s Council of Advisers on Digital Assets.
The Act on Engineering, an acronym to guide and establish national innovation for American stables, would establish collateralization guidelines for stablecoin issuers while demanding full compliance with anti-flowage laws.
https://www.youtube.com/watch?v=3dyench-2is
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