White House Embraces DeFi for Advancing U.S. Digital Asset Strategy
Main Idea
The White House is expected to release a report on cryptocurrencies, aiming to initiate a 'Golden Age of Crypto', with notable benefits for Ethereum and recommendations for regulatory improvements.
Key Points
1. The White House's 'Digital Asset Markets Working Group' report is expected to release soon, with previews highlighting benefits for Ethereum.
2. The report suggests the SEC and CFTC need to improve record-keeping to facilitate federal-level crypto trading.
3. The working group calls for comprehensive capital rules and bank licensing to prevent issues like those seen in 'Operation Choke Point 2.0'.
4. Stablecoins are viewed as supportive of the U.S. dollar, with rapid implementation of the GENIUS Act desired.
5. The Treasury and IRS are urged to reassess tax policies on crypto activities like staking to bolster the blockchain revolution.
Description
The White House report focuses on DeFi and aims to start the Golden Age of Crypto. Federal level strategies for cryptocurrency trading are suggested, with regulatory gaps identified. Continue Reading: White House Embraces DeFi for Advancing U.S. Digital Asset Strategy The post White House Embraces DeFi for Advancing U.S. Digital Asset Strategy appeared first on COINTURK NEWS .
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