President Donald Trump’s Crypto Working Group finally released its large -scale report and US policy recommendations, and two people behind that effort told Coindesk that the decentralized finance (Defi) protocol should be corrected in the vision of the US sector.
“Decentralized protocols can certainly meet road rules,” said, “Group of regulators and executive director of senior administration officials released a 163-page report on Wednesday. One in Coindsk TV Interview with Jennifer SansiHines and Treasury Department Tyler Williams shared some highlights in long ReportWith its treatment of DEFI.
Hines from the White House said, “We want people to innovate here and develop,” Hines told the White House, and this requires to ensure that developers feel that they have road rules. ,
Hines said that the administration has “tried to take immense steps and guide to do so.” He said that by removing the treasury cash restrictions of the treasury, it should show that “we understand how important the irreversible smart contracts are in the open source code.”
Williams said that the Digital Asset Market Clarity Act has recently been passed by the House of Representatives, has already progressed to ensure that the industry will have an Avenue for compliance with the Bank Privacy Act. He said that this week’s report is already included in some grounds covered by MPs.
The report was embraced by the inner sources of the industry as another step in Trump’s aggressive crypto agenda, and Hines “called it the most wide piece of widespread work ever produced on digital assets, and I don’t think anyone should be lost on.”
In fact, all policy initiatives and efforts described in its pages are already familiar with dozens of crypto lobists working on front lines in Washington, so it did not bring any amazing initiative.
“While many policy items you see, they are not unfamiliar to the audience and the public, I think we put a little more meat on the bones in the context of those action items we want to see,” Williams said.
A description that went missing in the report was that the so -called bitcoin strategic reserve, reflected by the administration based on an order from Trump, described the next stages for the so -called strategic reserve that such stockpiles should be started.
Hines, who have been asked similar questions about the reserve for months without offering an important update, said, “People will be very happy with what we have come together.”
“It has a infrastructure piece on it, as well, working diligently at the work of the treasury, making sure that everything is set properly, so that we can move forward in the best way.”
At the launch of the White House’s Wednesday’s report, the administration invited the representatives of the industry to share this moment.
Crypto policy was attended by lobbies in Washington, Codi Carbon, CEO of Digital Chamber, said about 40 people along with senior administration officials, including the secretary of Treasury Scott Besant, Crypto Caesar David Sachs, Securities and Exchange Commission President Paul Atkins and Attorney General Palm Bondi. Carbon said in a memorandum on the incident that the officials were graceful in thanking industry voices and experts, who helped contribute to this broader report, “he said that many from his organization were involved.
Read more: No US bitcoin reserve scheme as White House Tout Crypto Report
