Experts in the U.S. cryptocurrency space are emphasizing the need for more clear regulations on stablecoins and banking relationships before tax reform becomes a focal point for lawmakers.
Mattan Erder, general counsel at decentralized blockchain network Orbs, believes that tax regulation shouldn’t be the top priority right now. He argues that a more tailored approach to areas like securities laws and banking obstacles could bring significant benefits to the industry.
Erder is optimistic about the future, especially under the Trump administration, which he views as highly supportive of the crypto sector. However, he also highlights the limitations of executive actions and notes that for substantial changes, Congressional involvement will be necessary.
Despite recent moves such as the establishment of a national Bitcoin reserve using seized crypto assets, the industry still faces challenges with banking access. Concerns over debanking remain, and experts suggest that true progress may not occur until January 2026, when new appointments at the Federal Reserve could potentially alter the landscape.
Another key issue is stablecoin legislation, which could open the door for traditional financial institutions to adopt blockchain-based payment systems. David Pakman from CoinFund points out that the passing of stablecoin bills, expected soon, could bring many financial services onto crypto networks, offering a lower-cost, transparent, and efficient method for money transfers.
This shift could significantly boost industry growth, especially once the GENIUS Act, which is being discussed in Washington, sets guidelines for stablecoin collateralization and compliance with Anti-Money Laundering laws.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/us-crypto-regulations-focus-shifts-to-stablecoins-and-banking-ahead-of-tax-reform/