According to Solana co-founder Anatoly Yakovenko, the bitcoin executive order is a "scalpel", not a government bailout of cryptocurrencies, but a further removal of the regulatory uncertainty that has plagued the industry for the past four years. He stressed that the industry still needs a stablecoin bill, guidelines allowing banks to access cryptocurrencies, and clear rules from the Securities Exchange Commission and the Commodity Futures Trading Commission on issuance and decentralized finance. These measures will help further regulate and develop the cryptocurrency industry.