The White House on Wednesday released a detailed crypto report, which underlines comparatively to the freshworks to regulate and pursue digital assets in the United States.
This initiative is part of President Trump’s widespread commitment to establish the US “Crypto Rajdhani of the world”. However, ABC News has found That report lacks information on a controversial proposal to create a federal digital asset stockpile.
Law of rules
In a briefing with reporters, authorities emphasized the ability to guide the Polit in ensuring lead in blockchain technology to the United States. “By implementing these records, policy makers can enter the golden age of Crypto,” he said.
The report has several recommendations aimed at structuring cryptocurrency marks and clarifying regulatory roles between federal agencies, which is particularly between the party between the Securities and Adjatical Commission (SEC) (SEC) (SEC) (SEC) and the Commodian Fuce Trading Commission (CFTC).
Providing immediate clarity on important issues such as registration, detention, trade and record -making to IT Urdu regulators, advocating a streamlined approach that facilitates introduction of innovative financial products to consumers without bureaucracy delay.
Additionally, the report asks the Congress to implement laws that embrace decentralized finance (DEFI) technologies and recognize their ability in the mainstream finance.
It also emphasizes the need to modernize the anti-mani laundering (AML) rules to combat illegal activities related to the cryptocurrency network.
Federal bitcoin reserve schemes remain unclear
Reaps from Industrys have been largely positive, with many reports as an important step to legalize digital associate markets.
James Butterfil, the leading research at the coinshares, described the document as a “height ambitious”, taking into account the strong support of digital assets.
However, he captioned that bipartisan legislative support, effective regulatory execution, and a careful Balan betayen report on independence, innovation and finance integrity.
Despite optimism, some inserts have expected lighting a report on plans for a federal bitcoin reserve, a theme that was clearly misused.
A White House official submerged the press briefing and indicated that the infrastructure is being prepared, soon with more information.
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