#白宫首届加密货币峰会
US Crypto Policy Shift: From Suppression to Strategic Reserve Game
The United States currently holds approximately 200,000 bitcoins, making it one of the largest sovereign holders in the world. However, the Biden administration's recent low-priced sale of tens of thousands of bitcoins (worth billions of dollars) has sparked controversy.
The new policy announced will end such sales, adhering to the principle of 'never selling coins', and will conduct a review of federal agencies' held crypto assets, unifying them under the management of the Treasury Department.
Non-bitcoin assets will be included in the newly established 'US Digital Asset Reserve' to strengthen the national crypto reserve system.
During Biden's administration, regulators systematically suppressed the cryptocurrency industry: pressuring banks to close accounts of crypto businesses, intercepting fund flows from exchanges, and even weaponizing regulation.
This policy suddenly shifted five months before the election, raising questions about its speculative nature aimed at garnering votes.
The new policy promises to end such 'absurd suppression', support financial innovation, and push Congress to accelerate stablecoin regulatory legislation to provide certainty for the market.
Congress is advancing bills such as the 'Digital Commodity Consumer Protection Act', attempting to complete the legislative process before the August recess, establishing a compliance framework for dollar stablecoins.
This transformation is seen as a key layout for extending 'dollar hegemony' into the digital age—both consolidating reserve assets through bitcoin and controlling the lifeblood of the crypto market through regulatory dominance.
Follow Yushen to explore different crypto circles
