Opinion: The encrypted "regulatory bible" to be released by the White House may affect the policy direction in the next three years
Internet reports that the White House is expected to release a key regulatory report on the crypto industry on Wednesday, known as the "regulatory bible" in the industry. It is expected to clarify the federal government's attitude towards digital assets and provide framework recommendations for congressional legislation. The report originated from the executive order signed by Trump in January and was drafted by the Presidential Digital Assets Working Group composed of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chairman Paul Atkins. The report may cover tax policy, stablecoins, regulatory frameworks for tokenized securities, and even the recall or revocation of old regulatory guidelines. In addition, although the draft report does not currently cover Bitcoin's strategic reserves, sources said that relevant content may be temporarily added. The strategic reserve was proposed by Trump in March, with the goal of establishing a national-level digital asset reserve without increasing the burden on taxpayers. A number of industry executives will participate in Wednesday's briefing, which organizations such as The Digital Chamber and the Blockchain Association regard as an important milestone in the U.S.'s advancement of encryption policy.
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