On July 22, #稳定币监管风暴 , the White House officially released its first comprehensive cryptocurrency policy report, covering topics such as stablecoin regulation, consumer protection, and inter-agency coordination. It also suggests establishing a national-level digital asset reserve, including confiscated crypto assets.

👀 What appears to be a 'report' is actually a steering wheel.

This is not an ordinary document; it represents the U.S. government's first systematic positioning on crypto assets. It signifies three signals:

1️⃣ Regulation is shifting from 'laisser-faire' to 'control'.

Previously, the U.S. attitude towards the crypto space has been vague and fragmented. Now, with the White House leading and the Treasury/SEC/Federal Reserve jointly participating in the policy report, it indicates that 'full-chain regulation' is about to be implemented.

2️⃣ The 'path to legalization' is accelerating.

Stablecoins, Bitcoin, and DeFi, previously in blurry areas, are now being brought into the compliance range. This means that more traditional institutions can confidently participate in the future, and the crypto market is truly moving towards 'mainstream assets'.

3️⃣ Global competition has officially begun.

The U.S. move is also a response to the EU's MiCA legislation, China's digital RMB, and other policies. The one who can set the rules first will have the opportunity to dominate the global digital finance discourse.

📉 Short-term volatility may occur, but long-term could be beneficial.

After the policy is clarified, some projects (especially non-compliant ones) may be eliminated, leading to short-term market fluctuations. However, in the medium term, a clear regulatory framework will benefit institutional entry and stabilize funds — this is a key step for Bitcoin to transition from 'speculative asset' to 'reserve asset'.

📌 In summary:

This report may be the 'weather vane' for the crypto industry in the next 3-5 years; it is not hype, but a truly important signal of the times that you should understand.