Stablecoin rules needed in US before crypto tax reform!

Experts in the US cryptocurrency space emphasize that clear regulations on stablecoins and banking relationships are necessary before prioritizing tax reform. According to Mattan Erder, general counsel at Orbs, a tailored regulatory approach for areas like securities laws and removing obstacles in banking is crucial, with more upside for the industry .

The Trump administration's recent pro-crypto moves, including an executive order directing the government to establish a national Bitcoin reserve, signal growing federal support for digital assets. However, industry experts warn that crypto firms may continue to face difficulties with banking access until at least January 2026 .

Stablecoin legislation is expected to play a significant role in unlocking new growth in the industry. David Pakman, managing partner at CoinFund, believes that a stablecoin regulatory framework could encourage traditional finance institutions to adopt blockchain-based payments. The GENIUS Act, which aims to establish collateralization guidelines for stablecoin issuers, is a key piece of legislation being discussed in Washington .

In summary, experts agree that stablecoin regulations and banking relationships should be prioritized over crypto tax reform in the US. This will help create a more favorable environment for the industry to grow and develop.#BSCTradingTips