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According to industry executives, cryptocurrencies need a policy change more than a Bitcoin reserve
Executives in the crypto space continue to await detailed guidelines from the White House on issues such as securities regulation and tax rates.
According to industry executives, cryptocurrencies need a policy change more than a Bitcoin reserve
NEWS
The cryptocurrency industry will benefit more from regulatory clarity in the U.S. than from President Donald Trump's plan to create a national Bitcoin reserve
BTC
€71,291
, according to several industry executives who spoke with Cointelegraph.
Trump's executive order on March 6 that created a strategic Bitcoin reserve for the U.S., along with a separate reserve of altcoin digital assets, left several leaders in the crypto industry dissatisfied.
Meanwhile, these executives continue to wait for the White House to provide detailed guidance on key issues such as securities regulation and taxation.
"Markets are looking for a roadmap for innovation and clear guidelines on stablecoins, institutional adoption, and taxation," said Max Giammario, CEO of the Web3 AI startup Kindred, to Cointelegraph.
"Instead, vague rhetoric and a lack of immediate action have only deepened uncertainty," he added.
