White House crypto report thunder and raindrops are small, and BTC countries reserves become “painted cakes”?

An encrypted declaration of “high thunder and little raindrops”.

On July 30, the White House threw out aPage 166The “Bible” of digital assets, with a bold title – “Strengthening the United States’ leadership in the field of digital financial technology.”In the report, the report called “cryptocurrency” 391 times and named “bitcoin” 130 times, and the slogan was yelling loudly: “The United States must be the global crypto leader!”

You can read the full text, what the market cares mostBitcoin Strategic Reserve Plan, but it seems like an invisibility curse was cast—No timetable, no road map, no operation details, only repeated Trump’s executive order in January.The “national Bitcoin database” that the crypto circle is looking forward to is still alive in PPT.

Report five pillars: CBDC was killed, stablecoin stepped on the accelerator

This is head of the White House cryptocurrencyDavid SacksandBo HinesThe key to the heavy document written is five things:

1. CBDC sentences to death

   The central bank’s digital currency threatens citizens’ privacy and financial freedoms, and may also shake the banking system.Never do it(The ECB fainted from crying);

2. Stable currency to correct

   To fully promote the US dollar stablecoin to be the “Dollar spokesperson in the digital age”, turning the anchored US dollar stablecoin of the 250 billion market intoNew hegemony tools(The ECB is so anxious that it jumps);

3. Release the bank

   The Biden-era policy is suspended and banks are not allowed to discriminate against crypto companies;

4. Regulatory blaming Congress

   Urge Congress to enact legislation and authorizeCFTC control spot market, don’t let the SEC and CFTC continue to play the ball;

5. Tax humanized

   The Ministry of Finance must give a clear explanation for the confusing tax bills for pledge, mining, and NFT.

Focus on: The Trump administration puts out a red light for CBDC and stomps the accelerator for stablecoins. The essence isResist the dollar hegemony with private stablecoins, reject any currency form that may separate control.

Bitcoin Reserve: A “budget-neutral” riddle game

The most intriguing thing is that the report isBitcoin Strategic Reserves (SBR) is silent.When Trump signed the executive order in March, he announced the high-profile “establishing a national Bitcoin library”, but now he only has a vague slogan.

White House Crypto AdvisorBo HinesFacing the questioning in the podcast, I played Tai Chi throughout the whole process: “Holding amount?Can’t talk at the moment!But we will useBudget neutral’ Increase holdings in a way.”

Why don’t you dare to say it?Because the US government itself can’t figure it out!

• Blockchain companyArkhamEstimate: The government has cumulatively sealed198,000 BTC(worth $23 billion);

• The Ministry of Justice documents show that only the actual confiscation29,000 pieces(It’s an order of magnitude missing!)Key contradictions:Seal ≠ confiscation!If the Bitcoin seized by FBI, DEA and other institutions are not considered government assets if the judicial procedures are not completed.For example, in the Bitfinex case94,000 BTC, still unresolved.

State move first: Texas legislation, 30 states follow

The federal level of work has been employed, but the local area has been opened.TexasThe State Bitcoin Reserve Act was quickly passed on March 6, and 30 states including Arizona and New Hampshire followed suit.

Latest Action: On July 24, the U.S. government applied to confiscate the FBI’s crackdown on ransomware seized20.2 BTC(approximately US$2.4 million), it is clearly stated that it will be included in the “strategic reserve”.Mosquito legs are also meatThis wave of operations exposed the White House’s little thoughts:“Zero-cost coin hoarding” by combating crime.

Trump’s “private goods”: President sends coins, retail investors pay

The report seems to be a high-level national strategy, but don’t forget Trump’s “sexy operation”:In January this year, he launched his personal token$TRUMP, total supply1 billion,Trump Group holds 80%.The transaction volume is broken in one hour after online$1 billion, attracting more than 800,000 retail investors to enter the market, but suffered heavy losses after the plunge$2 billionNearly 100 million US dollars flowed into the Trump family’s pockets.

What’s more magical is that the President of ArgentinaMileFollow the trend and issue coinsLIBRA, soared to a market value of 4.3 billion in 30 minutes, and then collapsed.86% of investors lost all their money, triggering a national scandal.

A satirical scene: On the day Mrs. Melania was launched, Trump’s currency plummeted60%——consensus?It’s all business!

The distance between ambition and reality

This report is like a delicateCampaign Statement:Stepping on CBDC to please the liberals;Holding stablecoins to consolidate the hegemony of the US dollar;Screaming innovative slogans to win over Silicon Valley capital.

OnlyBitcoin strategic reserves, stand still in the quagmire of vague supervision and unclear asset ownership.While states and even the FBI are “stopping coins in practice”, the White House is stillUse speech to delay time.

1. Can Congress quickly pass the market structure bill

   End the jurisdictional war between the SEC and the CFTC;

2. Will Bitcoin reserves evolve from “PPT” to “real money” after the November election

After all, what the encryption world wants is not a 166-page blueprint, but a one that can be implemented.Bitcoin Bullet.