#加密货币监管政策# Looking back, I have witnessed the ups and downs of crypto assets regulatory policies. The upcoming digital asset report to be released by the White House reminds me of the ICO frenzy in 2017. At that time, there was a lack of regulation, and the market was like a jungle growing wildly. Now the Trump administration seems to be setting new boundaries for this jungle.

The regulatory framework and national digital asset strategic reserves mentioned in the report all indicate that a more standardized crypto market is taking shape. In particular, the emphasis on stablecoins reminds me of the global regulatory shock triggered by the Libra project in 2019. History is always remarkably similar, except this time the US government has chosen to embrace rather than resist.

However, I am somewhat disappointed by the lack of substantial updates on the Bitcoin reserve program. After all, the national-level holding of Bitcoin could become an important turning point in the future. But the evolution of policies often takes time, just like how the United States classified Bitcoin as property in 2013, with each step taken cautiously.

Overall, this report seems to be trying to find a balance between regulation and innovation. From past experience, clear regulation often brings more opportunities to the industry. However, we must also be cautious of the risks posed by excessive regulation. After all, one of the charms of the crypto world lies in its decentralized nature.

The road ahead is still long, and we may be standing at another crossroads in the development of Crypto Assets. Let's wait and see what kind of transformation this report will bring to the industry.