{"id":39332,"date":"2025-03-30T18:13:27","date_gmt":"2025-03-30T15:13:27","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=39332"},"modified":"2025-03-30T18:12:58","modified_gmt":"2025-03-30T15:12:58","slug":"crypto-tax-reform-stablecoin-and-banking-regulations","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-tax-reform-stablecoin-and-banking-regulations\/","title":{"rendered":"Crypto Tax Reform | Stablecoin and Banking Regulations"},"content":{"rendered":"<p>The cryptocurrency sector in the U.S. is becoming a focal point for regulatory attention, with experts emphasizing that stablecoin regulations and banking clarity should precede tax reforms. While the Trump administration&#8217;s crypto-friendly initiatives have created a positive outlook for the industry, uncertainty in the financial world persists.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/crypto-tax-reform-stablecoin-and-banking-regulations\/#Regulations_or_Taxes_What_Should_Come_First\" title=\"Regulations or Taxes: What Should Come First?\">Regulations or Taxes: What Should Come First?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/crypto-tax-reform-stablecoin-and-banking-regulations\/#Crypto_Companies_Struggle_with_Banking_Access\" title=\"Crypto Companies Struggle with Banking Access\">Crypto Companies Struggle with Banking Access<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/crypto-tax-reform-stablecoin-and-banking-regulations\/#What_Will_Stablecoin_Regulations_Bring_to_the_Crypto_Sector\" title=\"What Will Stablecoin Regulations Bring to the Crypto Sector?\">What Will Stablecoin Regulations Bring to the Crypto Sector?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Regulations_or_Taxes_What_Should_Come_First\"><\/span>Regulations or Taxes: What Should Come First?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As regulatory efforts accelerate, many experts argue that banking access and stablecoin regulations should be clarified before tax reforms. Orbs General Counsel Mattan Erder stresses that securities laws and access to the banking system should be a higher priority. According to Erder, regulatory and banking barriers must first be removed to support industry growth, with tax reforms following afterward.<\/p>\n<p>Meanwhile, the Trump administration is taking proactive steps toward digital assets. A <strong>March 7 executive order<\/strong> granted the U.S. government the authority to use seized crypto assets to establish a <strong>national Bitcoin reserve<\/strong>. This marks a significant shift in federal policy and offers insights into how the U.S. aims to position digital assets within the global financial system.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Companies_Struggle_with_Banking_Access\"><\/span>Crypto Companies Struggle with Banking Access<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the Trump administration\u2019s crypto-friendly stance, industry leaders anticipate ongoing banking challenges until at least 2026. <strong>Custodia Bank CEO Caitlin Long<\/strong> points out that significant changes are unlikely until Trump appoints a new <strong>Federal Reserve official<\/strong>.<\/p>\n<p>Additionally, U.S. banking regulators have reportedly pressured some financial institutions to <strong>halt crypto banking services<\/strong>, raising serious concerns within the industry. A lawsuit led by <strong>Coinbase in June 2024<\/strong> revealed that several U.S. banks had been directed by regulators to <strong>suspend crypto-related services<\/strong>, underscoring the banking access barriers that still hinder crypto startups.<\/p>\n<hr \/>\n<p><strong>You May Also Find This Article Interesting: <em><a href=\"https:\/\/coinengineer.net\/blog\/is-listing-altcoins-traps-exchanges-into-an-endless-loop\/\">Is Listing Altcoins Leading Exchanges into an \u2018Endless Loop\u2019?<\/a><\/em><\/strong><\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"What_Will_Stablecoin_Regulations_Bring_to_the_Crypto_Sector\"><\/span>What Will Stablecoin Regulations Bring to the Crypto Sector?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stablecoins are playing an increasingly crucial role in digital asset markets, making clear regulatory guidelines a top priority. <strong>David Pakman, managing partner at CoinFund<\/strong>, highlights that upcoming U.S. stablecoin regulations could ease the <strong>integration of blockchain-based payment systems<\/strong> into traditional finance. According to Pakman, banks and payment companies view <strong>stablecoin technology<\/strong> as a more <strong>transparent, cost-effective, and 24\/7 accessible<\/strong> money transfer system.<\/p>\n<p>In this context, the <strong>GENIUS Act<\/strong>, a proposed U.S. bill, is expected to set <strong>collateralization guidelines for stablecoin issuers<\/strong> and introduce <strong>strict anti-money laundering measures<\/strong>. If enacted, these regulations could provide a <strong>more robust legal framework<\/strong> for both the financial and crypto sectors.<\/p>\n<hr \/>\n<p><strong><a href=\"https:\/\/t.me\/coinmuhendisihaber\"><em>Click Here<\/em><\/a> <\/strong>for the Latest Breaking Crypto News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency sector in the U.S. is becoming a focal point for regulatory attention, with experts emphasizing that stablecoin regulations and banking clarity should precede tax reforms. While the Trump administration&#8217;s crypto-friendly initiatives have created a positive outlook for the industry, uncertainty in the financial world persists. Regulations or Taxes: What Should Come First? As<\/p>\n","protected":false},"author":13,"featured_media":37972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[8894,393,847,2680,13712,488,13713,7980],"class_list":["post-39332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-banks","tag-crypto","tag-crypto-news","tag-crypto-taxes","tag-david-pakman","tag-stablecoin","tag-stablecoin-regulations","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Tax Reform | Stablecoin and Banking Regulations - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-tax-reform-stablecoin-and-banking-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Tax Reform | Stablecoin and Banking Regulations - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency sector in the U.S. is becoming a focal point for regulatory attention, with experts emphasizing that stablecoin regulations and banking clarity should precede tax reforms. 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