US cryptocurrency regulation requires clearer guidelines on stablecoins and banking relationships before tax reform can be prioritized, according to industry leaders and legal experts. Mattan Erder, general counsel at Orbs, emphasized the need for a tailored regulatory approach rather than focusing primarily on tax issues. The support for crypto from the new Trump administration is seen as a positive step toward clearer regulations. Caitlin Long, CEO of Custodia Bank, indicated that while the administration is making strides, it may take time as regulatory changes depend on Congressional action. Furthermore, David Pakman from CoinFund stressed that a stablecoin regulatory framework could promote the adoption of blockchain payments by traditional financial institutions. The anticipated GENIUS Act aims to set collateralization guidelines for stablecoin issuers and ensure compliance with anti-money laundering laws. Overall, clarity in stablecoin regulation is viewed as crucial for the broader adoption of cryptocurrency in the US market.

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