Donald Trump’s New Bible is anything that the industry wanted
White House He has introduced his program for a rebellion in his “New American Golden Age”, with encryption in his center.
In a 160 -page report released Wednesday, the White House representatives reported a set of recommendations to federal government officials because they announced the construction of a legal framework and regulatory laws for companies that approved encrypted assets in the United States.
If it continues to work by lawmakers and regulators, these recommendations effectively give the encryption industry – which had spent hundreds of millions of dollars on the 2024 congressional races – effectively to whatever he wanted during the Biden government.
Among other cases, the White House recommends that Congress adopts laws that solve the long -term discussion of encrypted assets and include decentralized finances. Financial watchdogs use safe ports and surveillance sands to “allow innovative financial products to reach consumers without bureaucratic delays.” And these regulators allow banks to encrypt assets and prevent further discrimination against encryption jobs.
“Digital assets and blockchain technologies can transform not only the US financial system but also the ownership and management economy,” the report says. “American entrepreneurs who use new industries use these technologies, both of which deserve clarity in policies that affect their efforts and praise for their progress.”
The report – as a “supervisory Bible” by the Digital Chamber of Commerce leader, was produced by a work group established by President Donald Trump shortly after returning to the White House in January. Its members include the White House Crypto and AI Czar David Sacks, which VC has invested in several encryption startups, and Havard Lutnik, a business secretary, who offers the world’s largest ProDableCoin provider until the presidency led by the Fittor Fitzgerald Finance Institute.
Many of the task force recommendations are currently running. In mid -July, the law of clarity, the part of the law that could create a classification for encryption assets and divide the supervisory jurisdiction between the Securities and Stock Exchange and the Commission on Future Transaction, approved the House of Representatives. The same week, Trump signed a separate and law -focused bill.
“A few years ago, cryptography kids were not great in the lobby game,” says Crypto Ava Labs and COO at CFTC. But in Trump, he says, “saw the united cryptography industry. Although it became a latest cryptography, it was open after arriving there.”
The Working Group’s report directly shows outstanding claims in the cryptography circles that the Biden government sought to crush the industry through the “law enforcement” campaign. It even borrows the terms – such as the Operation Chokpoint 2.0 – which is incurred by the industry to describe discrimination that is said to have been said.
The report claims: “The Biden’s approach to cryptography was revealed by supervision that was opposed to the American tradition in embracing new technologies.” “President Trump’s election showed the end of the mistake. It was the hard -line of America – the end of a chain of poor politics decisions in favor of an up -to -date approach.”