📅 July 29 | Washington, D.C., United States

The crypto ecosystem is about to face its most tense moment of the year. Sources close to the White House have leaked that the U.S. government is finalizing a comprehensive regulatory guide—already dubbed the “Crypto Bible”—that will address everything from the tax treatment of Bitcoin to the asset reserves of Web3 companies.

This document, which could be published in the coming days, would mark a turning point in the relationship between cryptocurrencies and the federal government, covering key topics such as taxes, audits, licenses, and obligations for stablecoin issuers, exchanges, and even miners.

And although it has not been officially published, panic and uncertainty are already being felt in the market.

📘 What will this "Crypto Bible" contain? What we know so far

According to reports from The Block and statements from anonymous officials:

  • 💼 Corporate reserves under scrutiny: Companies holding cryptocurrencies in treasury—such as MicroStrategy or Tesla—will be required to report their balances, sources, and accounting policies quarterly to the IRS and the SEC.

  • 🧾 Stricter taxes: The document could define all cryptocurrency earnings—including microtransactions and staking—as immediately taxable income, something that would affect users, validators, and DAOs alike.

  • 🏛️ Federal licensing requirements: Exchanges, stablecoin issuers, and DeFi projects may need specific authorization from the Treasury to operate in the US, similar to traditional banks.

  • 🔒 Mandatory custody under local jurisdiction: All custody for US users would have to be carried out in North American territory, which could profoundly disrupt global operations such as Binance or Bybit.

👀 Although the document is not yet public, several specialized lawyers already anticipate a lobbying war. Groups such as Coin Center and the Blockchain Association are reportedly preparing lawsuits and media campaigns if the regulation proves to be excessively restrictive.

Topic Opinion:

This move is inevitable but risky. The crypto ecosystem has grown so much that the government cannot ignore it, but clumsy regulation can kill innovation in the name of control.

The key will be how this "Bible" is written. If it's an honest attempt to bring order to the chaos and protect consumers, it's welcome. But if it becomes an excuse to control, monitor, or exclude independent players, it will be open warfare.

💬 Do you think this regulation will help legitimize the crypto world or be a weapon to slow it down?

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