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Cryptocurrency industry leaders in the United States are calling for clear regulations on stablecoins and banking relationships before lawmakers focus on tax reforms. Mattan Erder, general counsel at Orbs, emphasized that a “tailored regulatory approach” addressing securities laws and banking obstacles should take precedence over tax issues.
The recent executive order by President Donald Trump, directing the establishment of a national Bitcoin reserve using seized crypto assets, has signaled growing federal support for digital assets.
Despite these developments, concerns about “debanking” persist. Caitlin Long, founder and CEO of Custodia Bank, noted that crypto firms might continue to face banking access challenges until at least January 2026, when new Federal Reserve appointments are possible.
David Pakman, managing partner at CoinFund, suggested that establishing a stablecoin regulatory framework could encourage traditional financial institutions to adopt blockchain-based payment systems, leveraging their benefits such as lower costs and increased transparency.
The industry is awaiting progress on the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), which aims to set collateralization guidelines for stablecoin issuers and ensure compliance with Anti-Money Laundering laws.
