Solana Co-creation: Bitcoin executive order eliminates regulatory uncertainty, stablecoin legislation and others still need further clarification

In a message from ChainCatcher, Solana co-founder Anatoly Yakovenko stated that the Bitcoin executive order is a "scalpel", not a government bailout for cryptocurrencies, but rather it further eliminates the regulatory uncertainty that has plagued the industry for the past four years.

He emphasized that the industry still needs stablecoin legislation, guidelines allowing banks to deposit and withdraw cryptocurrencies, as well as clear rules on token issuance and DeFi from the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission. These measures will help further regulate and develop the cryptocurrency industry.