Solana Co-Founder: Bitcoin Executive Order Removed Regulatory Uncertainty, Stablecoin Bill Needs Further Clarification

BlockBeats News, March 7th, Solana co-founder Anatoly Yakovenko stated in a post that the Bitcoin executive order is a "scalpel," not a government bailout of the cryptocurrency, but rather a further removal of the regulatory uncertainty that has plagued the industry for the past four years.

He emphasized that the industry still needs a stablecoin bill, guidelines allowing banks to custody cryptocurrencies, and clear rules from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on token issuance and DeFi. These measures will help further standardize and develop the cryptocurrency industry.