President Donald Trump’s Crypto Working Group finally released his massive report and sides of US political recommendations, and two of the population behind this effort told Coindesk that Decentralized Finance (Defi) protocols should do well in the administration’s vision for the US sector.
“Decentralized protocols can certainly comply with the rules of the road,” said Bo Hines, the CEO of the group of supervisory authorities and senior officials who gathered the 163-page report on Wednesday. In a Coindesk -tv interview with Jennifer Sanasie, Hines and Treasury Department’s Tyler Williams shared some of the highlights of the long report, including its treatment of defi.
“We want people who are innovating and developing here in the United States,” Hines said from the White House, and it requires to ensure that developers “feel like they have the rules of the road laid for them.”
Hines said the administration has tried to take “huge steps to do so and offer guidance.” He said that Treasury’s removal of tornado cash sanctions should show “We understand how important unchanging smart contracts are in Open Source code.”
Williams added that the digital asset market clarity law, recently passed by the House of Representatives, has already made progress to ensure that the industry would have an opportunity to comply with the Bank Secret Act. He said this week’s report covers some of the land already covered by legislators.
The report was embraced by industry insiders as another step forward in Trump’s aggressive crypto agenda, and Hines called it “probably the most comprehensive job of digital assets ever produced and I don’t think it should be lost on anyone.”
Almost all the political initiatives and efforts described on its sides are already well known for the dozens of crypto lobbyists who work the front lines in Washington, so it did not bring any surprise initiatives.
“While many of the political objects that you want to see are not unknown to the audience and to the public, I think we put a little more meat on the bones with regard to the actions we want to see,” Williams said.
A detail that disappeared in the report was a description of the next steps of the so -called Bitcoin Strategic Reserve considered by the administration, based on an order from Trump that such a stock should be initiated.
Hines, who have been asked similar questions about the reserve for months without offering a significant update, said, “People will be very happy with what we are coming to.”
“There is also an infrastructure piece of this, and the Treasury’s work carefully on it, and make sure everything is created properly so we can move forward in the best possible way.”
At the White House Wednesday launch of the report, the administration called for industry representatives to share the moment.
Cody Carbone, CEO of the digital chamber, who lobby in Washington about crypto policy, said that about 40 people participated with senior officials from the administration, including State Secretary of Treasury Scott Bessent, Krypto -Czar David Sacks, Securities and Exchange Commission President Paul ATKINS and lawyer Paul ATKINS and lawyer Pam Bondi. Carbone said in a memo about the event that the officials were “gracious to thanking the industry’s voices and experts who helped contribute to this comprehensive report,” as he said included several from his organization.
Read more: No American Bitcoin -Reserve plans as the White House shows crypto -report
