The price of Bitcoin goes to the disadvantage, while the White House releases an extensive report on crypto policy, and the Federal Reserve decides again against reducing interest rates.
The new crypto report of 166 pages, entitled “Strengthening the American leadership in digital financial technology”, cannot be tackled how much Bitcoin the US government currently owns or offers new details or the administration will actively buy BTC.
In the meantime, Chairman Jerome Powell says that the FED keeps the interest rates locked and will continue to check whether President Trump’s rates have a negative influence on inflation.
Regarding what is stated in the new crypto report, it suggests that the congress has the right to confirm people’s right to transfer crypto-assets without intermediaries and keeping them in self-coastal portfolios.
It also suggests that the conference on the prohibition of Central Bank Digital Currencies (CBDCs), software makers protect who build decentralized ways for people to deal with and to adopt legislation that give the Community Futures Trading Commission (CFTC) Clear authority to regulate Spotmarkten.
The report recommends that federal banking regulations take technology-neutral risk management practices and cannot distinguish discrimination against legal crypto companies, while asking agencies to implement the Genius Act and encourage US dollar-supported Stablecoin development.
It also instructs the Treasury Department and the IRS to issue new guidelines on adapted income from the financial statements, the deployment and wrapping/unpacking/unpacking of transactions, and proposes regulations for less difficult reporting for digital asset fairs, while the congress is asked to take digital and other Actieings.
The price of Bitcoin fell from a 24-hour high from $ 118,742 to $ 115,521 immediately after the release of the report. BTC costs $ 116,558 at the time of publication.
You can view the new Crypto report here.
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