#ProjectCrypto #WhiteHouseDigitalAssetReport

U.S. Strategic Objectives

1. Lead Global Regulation

- Become the "crypto capital of the world" (Trump's vision), competing with the EU (MiCA) and Asia. The GENIUS Act and the Crypto Project establish standards that could be adopted globally.

- Clear classification of crypto assets: Differentiate between 'securities', 'commodities', and 'stablecoins' to avoid legal loopholes.

2. Curb Talent and Business Drain:

- Previously, companies like **Ripple** operated in gray areas, forcing relocations. Now, the SEC offers "safe harbors" for ICOs and DeFi projects, retaining innovators.

- Innovation exemption: Allows testing of business models without initially complying with outdated rules.

3. Control Systemic Risks 🤔

- Audited reserves for stablecoins prevent collapses like that of TerraUSD.

- Anti-money laundering: AML (anti-money laundering) rules in the GENIUS Act, although criticized for being insufficient.

⚠️ Risks and Controversies

- Conflicts of interest: The Trump family promotes *memecoins* ($TRUMP) and has ties to **World Liberty Financial**, a company that reported $57 million to them.

- Weak consumer protection: Groups like "Better Markets" warn that the regulations are "too influenced by the crypto lobby".

- Speculative bubble: Bitcoin could be overvalued due to institutional demand (e.g., MicroStrategy holds BTC worth $65 billion)