Crypto executives urge the US to focus on policy reforms.
Crypto Industry Seeks Clearer Regulations Over Reserves
Crypto leaders believe that regulatory clarity will drive industry growth more than President Trump’s Bitcoin reserve plan. While the creation of a national Bitcoin reserve fulfills a campaign promise, executives remain concerned about unresolved legal and tax issues. They emphasize that a structured policy framework is essential for stablecoins, institutional investments, and overall market confidence. Without it, market uncertainty could persist.
Trump’s Bitcoin Reserve Plan Fails to Impress
The executive order signed on March 6 established a US Bitcoin reserve but did not involve direct government purchases of crypto. Instead, the reserve and altcoin stockpile will initially consist of assets seized by law enforcement. This approach left many traders and industry leaders disappointed, as they had anticipated a more active government role in crypto adoption. Market participants argue that a strategic plan for industry regulation would be far more impactful.
Market Reactions Reflect Uncertainty
Since the announcement of the Bitcoin reserve, Bitcoin’s price has dropped by roughly 13%, with altcoins experiencing similar losses. The broader crypto market has shed over $400 million in value, reflecting investor concerns over unclear policies. Without regulatory certainty, industry leaders warn that market volatility could intensify. Some believe that a clear stance on stablecoins and exchange-traded funds (ETFs) could help restore investor confidence.
Experts Call for Actionable Crypto Policies
“Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption, and taxation,” said Max Giammario, CEO of Web3 AI startup Kindred. However, he criticized the executive order for failing to provide immediate clarity, stating that the lack of concrete action only deepens uncertainty. Similarly, Alvin Kan, COO of Bitget Wallet, warned that Bitcoin’s dominance may continue if regulatory clarity is not established for altcoins.
Potential for a Positive Shift in US Crypto Policy
Despite ongoing concerns, some crypto leaders remain hopeful about the future. They cite Trump’s history of pro-crypto rhetoric and his appointment of industry-friendly figures to key regulatory roles. “The future of US crypto policy under Trump remains to be seen,” said Theodore Agranat, Web3 director at Gunzilla Games. He believes that the right leadership in regulatory positions could lead to more progressive crypto policies and greater institutional participation.
Regulatory Certainty Could Drive Market Recovery
Crypto executives argue that clear policies on taxation, stablecoins, and institutional investment would stabilize the market and encourage long-term growth. While the Bitcoin reserve may serve symbolic value, industry leaders stress that concrete regulatory guidelines will determine the sector’s future. They urge lawmakers to act swiftly to prevent the US from falling behind in the global crypto race.
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