Related: Bitcoin may benefit from US stablecoin dominance pushStablecoin legislation could unlock new growthDavid Pakman, managing partner at crypto investment firm CoinFund, said a stablecoin regulatory framework could encourage more traditional finance institutions to adopt blockchain-based payments.“Some of the potentially soon-to-pass legislation in the US, like the stablecoin bill, will unlock many of the traditional banks, financial services and payment companies onto crypto rails,” Pakman said during Cointelegraph’s Chainreaction live X show on March 27.“We hear this firsthand when we talk to them; they want to use crypto rails as a lower-cost, transparent, 24/7, and no middleman-dependent network for transferring money.”The comments come as the industry awaits progress on US stablecoin legislation, which may come as soon as in the next two months, according to Bo Hines, the executive director of the president’s Council of Advisers on Digital Assets.
A “tailored regulatory approach” for areas including securities laws and removing “obstacles in banking” is a priority for US lawmakers with “more upside” for the industry, Erder told Cointelegraph.“The new Trump administration is clearly all in on crypto and is taking steps that we could have only dreamed about a few years ago (including during his first term),” he said.“It seems likely that crypto regulation will be able to have it all and get much more clear and rational regulation in all areas, including tax.”Still, Erder noted there are limits to what President Donald Trump can accomplish through executive orders and regulatory agency action alone.“At some point, the laws themselves will need to change, and for that, he will need Congress,” he said.
Related: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategyDebanking concerns remainDespite the administration’s recent pro-crypto moves, industry experts say crypto firms may continue to face difficulties with banking access until at least January 2026.“It’s premature to say that debanking is over,” as “Trump won’t have the ability to appoint a new Fed governor until January,” Caitlin Long, founder and CEO of Custodia Bank, said during Cointelegraph’s Chainreaction daily X show.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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