Crypto executives push for regulatory clarity over Bitcoin reserve

Cryptocurrency executives have emphasised the need for clear regulatory policies in the U.S., arguing that such measures would benefit the industry more than President Donald Trump’s recent executive order establishing a national Bitcoin (CRYPTO:BTC) reserve.

The March 6 order, which also created a digital asset stockpile for altcoins, has left many in the industry underwhelmed due to its limited scope.

The reserve and stockpile will initially consist only of cryptocurrencies seized in law enforcement actions, rather than direct government purchases.

This approach has contributed to market uncertainty, with Bitcoin prices dropping by 13% since the announcement and the total crypto market capitalisation shedding over $400 million.

“Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption, and taxation,” said Max Giammario, CEO of Web3 AI startup Kindred.

He added that vague rhetoric and a lack of immediate action have deepened uncertainty.

Alvin Kan, COO of Bitget Wallet, echoed these concerns, stating that clearer regulations on stablecoins and exchange-traded funds (ETFs) could help altcoins regain momentum.

“Otherwise, Bitcoin dominance may continue as it remains the primary macro asset,” Kan noted.

Despite the setbacks, some industry leaders remain optimistic about the administration’s pro-crypto stance.

Theodore Agranat, director of Web3 at Gunzilla Games, highlighted Trump’s appointment of crypto-friendly leaders to key regulatory positions as a positive sign.

“We should expect to see a stream of ongoing and positive initiatives and news for crypto in general,” Agranat said.

The broader cryptocurrency industry continues to face challenges stemming from fragmented regulations across federal and state levels.

Experts argue that comprehensive guidelines are essential to foster innovation while addressing risks such as fraud, market volatility, and consumer protection.

Without such clarity, both institutional investment and retail participation in the U.S. crypto market may remain hindered.

At the time of reporting, the Bitcoin (BTC) price was $80,124.72.