Solana Co-founder: "Trump's Executive Order is a Precise Scalpel...Resolving Regulatory Uncertainty"
Summary
- Solana co-founder Anatoly Yakovenko positively evaluated President Trump's cryptocurrency-related executive order as the beginning of resolving regulatory uncertainty.
- President Trump signed an executive order to strategically stockpile cryptocurrencies including Bitcoin.
- Yakovenko emphasized that the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) need to clarify regulations on token issuance and DeFi.
Solana co-founder Anatoly Yakovenko has positively evaluated President Donald Trump's cryptocurrency-related executive order.
On the 7th, Yakovenko stated via X, "(President Trump's) Bitcoin executive order is a precise surgical scalpel" and that "it serves to resolve the regulatory uncertainty that has been a major headache for the past 4 years." President Trump signed an executive order on the same day to strategically stockpile cryptocurrencies including Bitcoin (BTC).
Yakovenko emphasized the need for additional actions from U.S. regulatory authorities. He said, "The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) need to establish clear regulations for token issuance and Decentralized Finance (DeFi)," adding that "legislation related to stablecoins and guidelines allowing banks to deposit and withdraw cryptocurrencies are also necessary."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
