White House has He developed his plan To introduce “New American Golden Age” with cryptocurrency in your center.
In the case of legislators and regulatory bodies, the recommendations would effectively give the cryptographic industry – which spent hundreds of millions of dollars affecting congress races in 2024 – virtually everything he called for during Biden administration.
Among other things, the White House recommends that the Congress adopts provisions that solve a long -term debate on the classification of cryptographic assets and adopted the concept of decentralized finances; that financial guards operate safe and sound regulatory ports and sandboxes in the meantime to “enable innovative financial products to reach consumers without bureaucratic delays”; And that regulatory authorities allow banks to deal with cryptocurrency assets and prevent further discrimination of cryptographic enterprises.
“Blockchain digital assets and technologies can revolutionize not only the financial system in America, but ownership systems and management in the entire economy,” says the report. “American entrepreneurs who pioneering new industries using these technologies deserve both the clarity of politicians that affect their efforts and praise for progress.”
Report – described as “Regulatory bible“By the leader of the Digital Chamber, the cryptocurrency trading body – was developed by the working group established by President Donald Trump shortly after returning to the White House in January. Its members include the cryptography of the White House and Ai David Sacks, whose VC company has invested in many cryptographic starts, and the secretary of Howard Lutnick, who is not He led the office of financial institutions, he cannot institution Fitzgerald, which cannot support global services.
Many working group recommendations are already being implemented. In mid -July Lightness ActLegislation that would establish a taxonomy for cryptocurrency assets and divide regulatory jurisdiction between the Securities and Exchange Commission, as well as the Futures Commodity trade commission, passed the Chamber of Representatives. In the same week, Trump signed a separate bill, focused on Stablecoin.
“A few years ago Crypto Guys was not great in lobbying,” says Charley Cooper, operational director at Crypto Ava Labs and former operational director at CFTC. But in Trump, he says: “The cryptographic industry saw an ally. Although late converted to crypto, when he arrived there, the door was open.”
Report of the ENCHET ENCH TAPES Working Group in crypted courts that Biden administration tried to crush industry through the “regulation by enforcing law”. It even assumes the terminology – like Dhokepite 2.0 – mentioned by the industry to describe the alleged discrimination, which he allegedly suffered.
“Biden administration approach to cryptocurrencies was marked by excessive regulation, which counted the American tradition of taking new technologies,” says the report. “The election of President Trump was the end of this mistake. It was a hard fork of America – the end of one chain of weak political decisions in favor of an updated, better approach.”