Crypto Industry Needs Regulatory Clarity, Not Bitcoin Stockpiling

Cryptocurrency industry participants say they would prefer regulatory clarity over a national Bitcoin stockpile plan.
On the 10th (local time), Cointelegraph reported that Donald Trump (D
On March 6, President Donald Trump signed an executive order to announce the US Strategic Bitcoin Reserve and a separate plan to reserve altcoins digital assets.
According to the report, several cryptocurrency insiders said in interviews with media that the clarification of US regulations is a step in President Trump's national bidding.
"This would be a much bigger benefit to the cryptocurrency industry than the proposed Ethereum stockpile," they said. They are "still waiting for specific guidelines from the White House on issues such as securities regulation and taxation."
"The AI technology is becoming more and more complex," said Max Gearmaglio, CEO of Kindred, a Web 3 artificial intelligence (AI) startup.
"The market is looking for a roadmap for innovation and clear guidance on stablecoins, institutional adoption and taxation," Giammario said in an interview.
"However, vague rhetoric and the absence of immediate action are only deepening the uncertainty," he said.
"I will establish a national Bitcoin reserve similar to the nation's gold reserve," he promised. President Trump implemented this pledge through an executive order on March 6, but the market reaction was disappointing.
This is because the US government will not be purchasing cryptocurrencies directly, but rather it will consist entirely of digital assets seized by law enforcement agencies.
Following the announcement, Bitcoin prices fell by around 13%, with investors expressing disappointment amid macroeconomic uncertainty.
Altcoins also fell, causing the total market capitalization of crypto assets to drop by more than $400 million. An industry insider said, "Without clear US policy guidelines, these losses could be even greater.
"The impact of this could be huge," said Alvin Kang, COO of Bitget Wallet.
Kan said, "The Trump administration is looking into stable coins, ETFs, and institutional investors.
Altcoins could rise again if they provide clear regulation on adoption. But if not, Bitcoin will still retain market power as the leading macroeconomic asset.
It's likely to be maintained," he added.