The long-awaited report from President Donald Trump's crypto working group has finally been released, outlining the administration's vision for the US crypto sector. According to Bo Hines, executive director of the group, decentralized finance protocols are expected to thrive under the proposed regulations.
'Decentralized protocols can definitely meet the rules of the road,' Hines stated, emphasizing the need for clear guidelines to foster innovation and development in the US. The report's release was accompanied by a White House event, where industry representatives were invited to share their thoughts on the administration's crypto agenda. While the report did not reveal any major surprises, it was seen as a significant step forward in Trump's crypto policy. One notable aspect that was not included in the report was the next steps for the proposed Bitcoin Strategic Reserve, although Hines hinted that the outcome would be well-received.
'People will be very pleased with what we come up with,' he said, adding that the Treasury is working diligently to set up the necessary infrastructure.