The U.S. crypto industry is calling on lawmakers to prioritize regulation for stablecoins and banking access before diving into tax reform. According to legal and industry experts, the lack of clarity in these areas is holding back broader adoption and innovation.

Mattan Erder, general counsel at Orbs, emphasized that tax issues aren’t the biggest concern. Instead, he argued that the real bottleneck lies in outdated securities laws and the ongoing barriers between crypto firms and banks. A more tailored approach to regulation could unlock significant growth.

Erder pointed out that while the Trump administration is more pro-crypto than ever—especially after a March executive order to create a national Bitcoin reserve—executive action has its limits. For meaningful change, Congress must get involved.

Despite the federal support, crypto firms still face serious challenges accessing banking services. Caitlin Long, CEO of Custodia Bank, warned that “debanking” remains a threat. She noted that until a new Federal Reserve governor is appointed in 2026, meaningful change is unlikely in that area.

The problem gained national attention after a June lawsuit by Coinbase uncovered pressure from U.S. banking regulators to halt crypto-related services.

Meanwhile, stablecoin regulation is gaining momentum. David Pakman of CoinFund said upcoming legislation, such as the GENIUS Act, could finally open the door for banks and financial firms to embrace blockchain payments. The Act would establish clear collateral and compliance requirements for stablecoin issuers.

Bo Hines, a White House digital assets adviser, hinted that stablecoin legislation could arrive within two months—potentially transforming the entire crypto-finance landscape.