White House to Release First Crypto Policy Report by Month’s End
The post White House to Release First Crypto Policy Report by Month’s End appeared on BitcoinEthereumNews.com. Key Points: White House’s crypto policy report sets to reshape U.S. regulations. Potential Strategic Bitcoin Reserve could boost BTC legitimacy. Withdrawal of Operation Chokepoint 2.0 to improve crypto firm liquidity. On July 22, the White House plans to submit its first crypto policy report, as per cryptocurrency reporter Eleanor Terrett in a statement to PANews. The report is anticipated for public release by the end of July. The report carries significance as it marks a pivot in U.S. regulations, potentially introducing measures such as the establishment of a Strategic Bitcoin Reserve and easing banking restrictions for crypto firms. Strategic Bitcoin Reserve and Regulatory Shifts The White House Digital Asset Markets Working Group, under David Sacks, excludes traditional banking regulators, reflecting a notably different oversight approach. Potential policy highlights include the formation of a Strategic Bitcoin Reserve and the conclusion of Operation Chokepoint 2.0, which previously restricted crypto banking services. Immediate effects could see bolstered institutional confidence in Bitcoin, increased liquidity for crypto firms, and shifts towards compliance for U.S.-based exchanges. This environment might attract more capital inflows to BTC and responsive positioning by blue-chip assets. “We’re establishing a framework that prioritizes consumer protections while fostering innovation across digital asset markets.” — David Sacks, Chair, White House Digital Asset Markets Working Group Bitcoin Market Dynamics Under Policy Influences Did you know? The proposed U.S. Strategic Bitcoin Reserve could parallel El Salvador’s 2021 BTC treasury, which sparked widespread debate over Bitcoin’s role as a sovereign asset. Bitcoin, as of the latest data from CoinMarketCap, shows a market dominance of 59.64%, with a current price of $117,425.27. The market cap stands at 2.34 trillion dollars, with a 24-hour trading volume increase of 21.63%. Over the last 90 days, BTC’s value has risen by 25.41%. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 23:49 UTC…
The post White House to Release First Crypto Policy Report by Month’s End appeared on BitcoinEthereumNews.com.
Key Points: White House’s crypto policy report sets to reshape U.S. regulations. Potential Strategic Bitcoin Reserve could boost BTC legitimacy. Withdrawal of Operation Chokepoint 2.0 to improve crypto firm liquidity. On July 22, the White House plans to submit its first crypto policy report, as per cryptocurrency reporter Eleanor Terrett in a statement to PANews. The report is anticipated for public release by the end of July. The report carries significance as it marks a pivot in U.S. regulations, potentially introducing measures such as the establishment of a Strategic Bitcoin Reserve and easing banking restrictions for crypto firms. Strategic Bitcoin Reserve and Regulatory Shifts The White House Digital Asset Markets Working Group, under David Sacks, excludes traditional banking regulators, reflecting a notably different oversight approach. Potential policy highlights include the formation of a Strategic Bitcoin Reserve and the conclusion of Operation Chokepoint 2.0, which previously restricted crypto banking services. Immediate effects could see bolstered institutional confidence in Bitcoin, increased liquidity for crypto firms, and shifts towards compliance for U.S.-based exchanges. This environment might attract more capital inflows to BTC and responsive positioning by blue-chip assets. “We’re establishing a framework that prioritizes consumer protections while fostering innovation across digital asset markets.” — David Sacks, Chair, White House Digital Asset Markets Working Group Bitcoin Market Dynamics Under Policy Influences Did you know? The proposed U.S. Strategic Bitcoin Reserve could parallel El Salvador’s 2021 BTC treasury, which sparked widespread debate over Bitcoin’s role as a sovereign asset. Bitcoin, as of the latest data from CoinMarketCap, shows a market dominance of 59.64%, with a current price of $117,425.27. The market cap stands at 2.34 trillion dollars, with a 24-hour trading volume increase of 21.63%. Over the last 90 days, BTC’s value has risen by 25.41%. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 23:49 UTC…
What's Your Reaction?
