#CreatorPad

On August 1, the White House held a broad meeting that included senior advisors, market organizers, and federal banks, and issued an official statement that can be summarized in the following points:

Support for the current regulatory framework for digital assets, affirming that most currencies/tokens are classified as securities subject to the authority of the SEC and CFTC.

Immediate assignment to the SEC + CFTC to launch a joint "hotline" within 90 days to receive complaints and address violations of disclosure and price manipulation.

Directive to the Treasury Department to prepare a draft of new rules for identity disclosure in stablecoin transactions before the end of 2023 (in line with FATF standards).

Launch of a national task force to study the issuance of a central bank digital currency (CBDC), with initial results to be presented within 180 days.

Rejection of a general ban on digital currencies and affirmation that innovation should continue under "strong oversight."

Market message: no negative surprises, continued gradual oversight instead of suppression, which led to Bitcoin and ETH temporarily rising by 4-6% following the statement#MarketPullback #BNBATH #BinanceHODLerTree