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White House Cryptocurrency Report Officially Released
BlockBeats News, July 31st, the White House Cryptocurrency Report was officially released. From connecting the East and West Coasts by railroad to connecting the world through the internet, since its founding, every generation of American entrepreneurs has led the construction of the next generation of technology. "Crypto 3.0" should be no exception.
As the author of this report, the Working Group supports the idea that digital assets and blockchain technology can not only completely innovate America's financial system but also innovate ownership structures and governance systems throughout the entire economic system. American entrepreneurs who use these technologies to create emerging industries should receive clear policy guidance and full recognition of their achievements. The core policy recommendations are as follows:
· U.S. citizens and businesses should have the right to hold digital assets legally and use blockchain technology without fear of being held accountable;
· Lay the foundation for building the deepest and most liquid American digital asset market globally: The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should immediately use their existing authority to open up digital asset trading at the federal level.
· Banking regulators should not repeat the mistakes of the Biden era's "Operation Chokepoint 2.0" but should embrace the opportunities brought by blockchain and digital assets;
· Support stablecoins pegged to the U.S. dollar to become the core of payment innovation in the digital age, helping the dollar maintain its dominant position globally;
· U.S. law enforcement agencies should have the ability to combat those who use digital assets for illegal activities but must not abuse these tools to suppress law-abiding citizens and so on.
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