TechFlow reported on March 7 that Solana co-founder Anatoly Yakovenko stated the Bitcoin executive order is a "scalpel," not a government bailout for cryptocurrencies, but rather a move that further eliminates the regulatory uncertainty that has plagued the industry over the past four years.
He emphasized that the industry still needs a stablecoin bill, guidelines allowing banks to deposit and withdraw cryptocurrencies, and clear rules from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission regarding token issuance and DeFi. These measures would help further regulate and develop the cryptocurrency industry.
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