🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
The United States releases a digital asset policy report providing five regulatory guidelines for the encryption industry.
The U.S. government has released a digital asset policy report, providing regulatory guidance for the encryption industry.
In January this year, Trump called for the establishment of a digital asset market working group to submit a report outlining recommendations for the regulation of digital assets. This much-anticipated report has finally been released. The government led by Trump published this detailed digital asset policy report on Wednesday (July 30), which spans 166 pages and repeatedly mentions keywords such as encryption, cryptocurrency, Bitcoin, DeFi, and Ethereum.
The report outlines a comprehensive regulatory roadmap for cryptocurrencies, presenting policy recommendations involving multiple crypto-related areas. It can be primarily divided into five major categories:
It is recommended that Congress enact relevant legislation based on the bipartisan unanimous vote in the House of Representatives to pass the CLARITY Act:
The SEC and CFTC should utilize their existing powers:
The government has terminated "Operation Kill Switch 2.0" and is committed to ending regulatory measures that refuse to provide banking services to the digital asset industry. It is recommended that regulatory agencies take additional measures:
After the report was released, there was a general consensus in the industry that this was a positive signal for Trump's encryption agenda direction. Ji Kim, CEO of the Crypto Innovation Council, stated that the report marks a collaborative effort by the government to ensure that the United States maintains its leading position in the golden era of cryptocurrency. Rebecca Rettig from Jito Labs also expressed her approval, believing that this roadmap provides guidance for achieving regulatory transparency in the U.S. crypto industry.
However, despite the report being seen as a "significant victory" for the encryption industry, it did not disclose new initiatives or provide in-depth explanations of specific policy measures. Some issues remain unresolved, such as the future scale of federal government cryptocurrency reserves. In addition, the report acknowledges that Congress has yet to pass the Market Structure bill, which imposes many restrictions on the industry.
Although this report may "fall short of expectations", U.S. officials claim they have laid a solid foundation for the development of this sector. In the future, as policies become clearer and are implemented, the regulatory environment of the encryption industry is expected to improve further.