The cryptography working group of President Donald Trump finally published his massive report and his pages of American policy recommendations, and two of the people behind this effort declared in Coindesk that decentralized funding protocols (DEFI) should rely very well in the vision of the American sector administration.
“Decentralized protocols can certainly respect road rules,” said Bo Hines, executive director of the regulator group and senior administration officials who collectively published the 163 -page report on Wednesday. In a Coindesk television interview with Jennifer Sanasie, Hines and Tyler Williams of the Treasury Department shared some of the highlights of the long report, including its DEFI treatment.
“We want people to innovate and develop here in the United States,” said Hines from the White House, and this requires ensuring that developers “have the impression of having the rules of the road established for them”.
Hines said the administration had tried to take “immense measures to do so and offer advice”. He said that the Treasury deletion of Tornado’s cash sanctions should show “we understand how important the intelligent contracts are in the open source code”.
Williams added that the law on the clarity of the digital asset market recently adopted by the House of Representatives, has already made progress to ensure that the industry would have an avenue to comply with the Bank Secrecy Act. He said this week’s report is looking at part of the land already covered by legislators.
The report was adopted by the initiates of the industry as another step forward in the aggressive agenda of Trump cryptography, and Hines called it “probably the most complete work on the digital assets ever produced, and I do not think it should be lost for anyone”.
Practically all the political initiatives and efforts described in its pages are already familiar to the dozens of cryptographic lobbyists working on the front line in Washington, so that did not bring surprise initiatives.
“Although many of the political elements you will see are not unknown to the public and the public, I think we put a little more meat on the bones in terms of action products that we want to see,” said Williams.
A detail that has disappeared in the report was a description of the following steps for the so -called Bitcoin strategic reserve envisaged by the administration, on the basis of a Trump prescription that such a stock should be launched.
Hines, which has been asked similar questions about the reserve for months without offering an important update, said: “People will be very satisfied with what we offer.”
