After waiting for so long, the White House is finally taking action on cryptocurrency! Just now, according to Jinse Finance, the White House announced—they will release the first cryptocurrency policy report on July 22 (around July 23 Beijing time). This is the first time ever! As soon as the news broke, the crypto world went into a frenzy. As a seasoned fisherman in the crypto space, when I saw this news, it felt like I was seeing a big fish getting caught in the net, and the market might undergo a major reshuffling. Don’t rush, let me explain slowly.
This report is not just casually put together; it is based on the requirements of Executive Order 14178. In simple terms, it means the presidential order signed by Biden last year, which aims to set 'rules' for the digital currency market—allowing everyone to play happily while preventing scammers from running rampant. To put it bluntly, the officials are focusing on our crypto space and are preparing to establish a set of rules to prevent money laundering and protect investors, but without stifling innovation. This has been brewing for over half a year, and it is finally about to see the light; friends in the crypto space can finally ease that heavy stone in their hearts a little.
Why does the crypto world shake three times as soon as this report is released? Think about it, the global cryptocurrency market must have an official framework. Over the past decade, Bitcoin, Ethereum, and others have been like wild horses running rampant, with regulation coming down randomly, leaving everyone uncertain. Now the White House is personally getting involved, whether it’s tightening or loosening, it means the wind direction is about to change. Good news? Bad news? Personally, I think it’s mostly good news—having clear policies might make mainstream funds more willing to enter the market, and the coin prices might stabilize a bit. But don’t think too optimistically, policies are not a free lunch; if things go wrong, we could see strict regulation that puts small coins and small exchanges out of business.
As a fisherman who has been in the crypto space for many years, I feel that whether this is a blessing or a curse largely depends on how the report is written. Looking back over the years, the crypto space has thrived in the gray areas; now, the officials want to set rules, like casting a fishing net into the sea—those who should come ashore will come ashore, and those who should sink will sink. I guess the report will emphasize 'safety first,' such as tightening regulation on exchanges and cracking down on illicit activities, but at the same time encourage blockchain innovation. In the long run, this is a turning point, as the crypto space moves from wild paths to a proper track; the era of big fish and big meat may be coming to an end, but the opportunity to earn steadily may be coming. Remember, pigs flying on the wind will fall harder when they drop.
Alright, brothers and sisters, don’t just watch the excitement, let’s get moving. As soon as the report comes out on July 22, I, the fisherman, will promptly publish an analysis in the community focusing on my daily precise analysis of the market.
