White House Releases Official Report on Digital Assets, Shaping the Future of Cryptocurrency in the US
Recently, the White House officially published a comprehensive 166-page report on digital assets, in accordance with Executive Order 14178. The report, titled "Enhancing US Leadership in Digital Financial Technology", focuses on guiding the development of the crypto industry in the US in the coming period.
The document emphasizes the role of a clear, transparent legal framework to promote innovation in digital finance, while protecting consumer rights and strengthening the global leadership of the USD in the international financial system.
Additionally, the report acknowledges the potential benefits of blockchain technology for the economy, including digital economic growth, accelerating payment transaction speeds, and expanding financial access more equitably for citizens.
Another notable content in the report relates to the plan to establish a national Bitcoin reserve fund. Specifically:
The US Department of Finance will be responsible for managing the government's BTC reserve fund.
The initial capital for this reserve fund will come from Bitcoin seized in previous illegal cases or activities.
The Department of Finance and the Department of Commerce will collaborate to develop a long-term strategy to accumulate more BTC, serving macroeconomic and financial stability objectives.
This move marks an important step in the US digital asset policy, demonstrating that the government is proactively regulating, rather than eliminating or leaving the crypto market unaddressed.
