The White House Crypto Assets report is officially released.

On July 31, the White House Cryptocurrency Report was officially released. From the railroads connecting the East and West Coasts to the internet connecting the world, each generation of American entrepreneurs has led the way in building the next generation of technology. "Crypto 3" should be no exception. As the authors of this report, the Working Group supports the idea that digital assets and Blockchain technology can not only radically transform the U.S. financial system but also revolutionize the ownership structure and governance systems across the entire economy. American entrepreneurs who leverage these technologies to create emerging industries should receive clear policy guidance and full recognition of their achievements. The core policy recommendations are as follows: · American citizens and businesses should have the right to legally hold digital assets and use Blockchain technology without fear of being held accountable; · Lay the foundation for the deepest and most liquid U.S. digital asset market in the world: The SEC and CFTC should immediately utilize their existing authorities to open digital asset trading at the federal level. · Banking regulators should not repeat the mistakes of the Biden administration's "Constraining Action 2.0" but should embrace the opportunities presented by Blockchain and digital assets; · Support the U.S. dollar stablecoin as the core of payment innovation in the digital age, helping the U.S. dollar maintain its dominance globally; · U.S. law enforcement agencies should have the capability to combat individuals engaged in illegal activities using digital assets, but should not misuse tools to suppress law-abiding citizens, etc.