Solana Co-founder: Bitcoin Executive Order is not a government rescue action for cryptocurrency

According to Solana co-founder Anatoly Yakovenko's tweet, the Bitcoin executive order is a "scalpel," not a government bailout of the cryptocurrency market, but rather a further elimination of regulatory uncertainty that has plagued the industry for the past four years.

He emphasized that the industry still needs stablecoin legislation, guidelines allowing banks to access cryptocurrencies, and clear rules from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on issuing and decentralized finance. These measures will help further standardize and develop the cryptocurrency industry.