Solana Co-Founder Discusses Impact Of Bitcoin Executive Order

According to BlockBeats, on March 7, Solana co-founder Anatoly Yakovenko commented on the Bitcoin executive order, describing it as a 'scalpel' rather than a government bailout for the cryptocurrency market. He noted that the order has helped to eliminate regulatory uncertainties that have plagued the industry over the past four years. Yakovenko emphasized the need for a stablecoin bill, guidelines for banks to handle cryptocurrencies, and clear regulations from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding token issuance and decentralized finance (DeFi). These measures, he believes, will aid in further regulating and developing the cryptocurrency sector.