US Crypto Regulations: Focus Shifts to Stablecoins and Banking Ahead of Tax Reform
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
