🔥 White House Releases Report on Digital Assets

**Key Points:**

- Direct blockchain support—public networks, validators, software, self-custody, and censorship-resistant transactions are officially recognized as vital to the U.S. digital economy.

- Dollar-backed stablecoins are a priority, with emphasis on supporting USD in digital form.

- CBDCs are banned—research or issuance of a Fed-backed digital dollar is explicitly prohibited.

- Banks must serve crypto clients—without regulatory pressure or arbitrary restrictions.

- Clear regulations—calls for legislation on stablecoins, tax reform, and shifting oversight of BTC and ETH from the SEC to the CFTC.

- "Safe zones" and "safe harbors" will be created to foster innovation without immediate regulatory penalties.

❗️ **Strategic BTC Reserve (EO14233):**

Seized Bitcoin will remain on the U.S. Treasury’s balance sheet. Purchasing BTC is under discussion but remains unclear. The goal is digital sovereignty, not speculation.

**New Enforcement Approach:**

The DOJ will no longer "regulate through prosecution." Priority shifts to fighting crime, not targeting developers.

👉 Neutral for adoption—policy shifts take years, but watch SEC's spot-SOL ETF decision by July 31 for immediate institutional impact.

#BTC

#ETH

#Stablecoins

#Regulation

#CBDC