Crypto Firms Push Trump to Direct Agencies on Stalled Regulatory Guidance

Crypto Firms Urge Trump to Accelerate Regulatory Guidance Through Executive Action As the cryptocurrency industry continues to evolve rapidly, leading firms have intensified their calls for the Trump administration to provide much-needed regulatory clarity. Frustrated by the slow pace of rulemaking at federal agencies, industry groups have now appealed directly to the president, urging him to leverage executive authority to speed up the process. The need for definitive guidance has become increasingly pressing, with cryptocurrencies and blockchain technologies expanding into new frontiers. From decentralized finance (DeFi) protocols to the rise of stablecoins, the crypto ecosystem has grown increasingly complex, creating uncertainty around how existing laws and regulations should apply. Agencies like the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Financial Crimes Enforcement Network (FinCEN) have all made moves to regulate various aspects of the crypto market. However, their piecemeal approach and apparent lack of coordination have left many industry participants frustrated and confused. In a letter to the White House, the Blockchain Association and other leading trade groups argued that the president could direct these agencies to streamline their efforts and provide clear, comprehensive rules. By wielding executive power, they claim, the administration could offer the regulatory clarity that has thus far eluded the crypto space. "Uncertainty around the regulatory landscape continues to be one of the biggest barriers to further growth and innovation in the crypto industry," said Blockchain Association executive director Kristin Smith. "Decisive action from the White House could go a long way in unlocking the full potential of this transformative technology." The industry's push for presidential intervention comes at a critical juncture. As cryptocurrencies gain mainstream adoption, the lack of regulatory guidance has become an increasingly pressing concern for investors, entrepreneurs, and financial institutions alike. Without clear rules of the road, many remain hesitant to fully embrace crypto-based products and services. Moreover, the absence of a unified regulatory framework has allowed other jurisdictions, such as Switzerland, Singapore, and Malta, to position themselves as more crypto-friendly alternatives. This has raised fears that the United States could fall behind in the global race to establish dominance in the burgeoning digital asset space. Experts believe that decisive action from the White House could help catalyze the development of a comprehensive, coherent regulatory regime for cryptocurrencies. By directing agencies to coordinate their efforts and provide clear guidance, the administration could foster greater institutional participation, drive innovation, and solidify the US's position as a leader in the crypto economy. "The window of opportunity is closing rapidly," cautioned Ari Paul, co-founder of BlockTower Capital. "If the US doesn't act soon, it risks ceding its advantage to more nimble global competitors. Decisive leadership from the top could be a game-changer for the future of crypto in America."