Opinion by: Kadan Stadelmann, Chief Technology Officer, Commodo Platform
The Crypto Task Force will be held a Press Conference In early February 2025. It struck the wrong tone. While the Task Force provides lip services to the clarity of regulation, the goal seems to be putting the crypto industry, not leading a change that empowers individuals.
On 23 Bitcoin’s reserve. These aspirations should be expanded, and they seem, as the development of the numberTrategic Reserve is now conducted.
Instead of continuing the same discussion to ”Clarity of regulation“That the industry has been with the officials for many years, the Task Force should make a similar approach to the Crypto objects as Department of Government Efficiency (DOGE)which is working with fever haste to cut federal agencies and programs considered wasted.
What the force should do
Instead, the Crypto Task Force should expose the risks of central inflationary currency that put humanity into an uninterrupted treadmill toward desperation. It should cultivate a spirit of competition and adoption of decentralized, without permission of money.
The work force should encourage lawmakers to adopt a Laissez crypto structure Very bad actor which exploits people’s misunderstandings of fast wealth. The Crypto Task Force should put press releases that warn people about obvious scams. It should also teach people of proof-of-work virtues and the follies of many proof-of-stake coins.
The purpose of Trump’s crypto work force should be simple: establish a trajectory dedicated to freedom for the US crypto industry without delay.
The freedom of freedom
Trump made it clear that he wanted to promote responsible growth and use of crypto. Such recommendations only hold more merit as they provide freedom entrepreneurs to take risks and prevent massive corporations from spinning A Digital Panopticon with centralized cryptocurrencies.
Recently: The SEC Task Force continues to meet with companies in crypto regulations
If the US become competitive in countries such as United Arab EmiratesThe US must create a regulation of sandbox that gives up to founders to generate technology – including controversial technologies such as decentralized Coin mixers -In legal gray areas without fear of prison or jail time as long as they do not clearly destroy pre-existing law.
It’s time to decide the market
Before Trump was elected, the founders of the US Crypto argued over seemingly unjust security and exchange commissions Witch huntswhich has been thatsnared even the most respected crypto institutions, such as Coinbase and Kraken.
The SEC followed Ripple for the release of an unregistered unregistered security, but Ripple was satisfied with significant wins in that case, especially when selling tokens at institutions. Countless founders have been-banked in the US due to established even companies equivalent to crypto. That suggests that there is an all-out war of Washington and Big Banks against the industry. That should end, and the damage done should be repaired. The Crypto Task Force cannot protect large banks against crypto. It should let the market decide.
Although many suits have fallen, lawmakers have cut off their work for them. It has changed since the 20th century, when the US was a world leader in the internet. It fell in the distance to the crypto.
What the US needs today is the change, not crypto red tape. The world has anti-money laundering (AML) and knows your customer laws (KYC). The Crypto Task Force should not waste time developing a separate set of AML and KYC laws. Instead of studying the feasibility of a bitcoin reserve, simply put the Bitcoin confiscated from Ross UlbrichtFounder of Silk Road, under Treasury management and call it a day instead of selling it.
The Crypto Task Force must work today to produce a modern essence of modern technology in the United States. Asian countries have shown a higher level of retail level participation. The US needs a strategy to educate and empower the retail investor in public to take part in Kapana -exciting and new markets such as Blockchain and AI. The US should move from a conservative crypto approach to a progressive approach similar to what we have seen in the UAE.
The US has experienced a brainwash, as entrepreneurs are left to pursue opportunities to the better constituents. If the US has developed a welcome approach to Bitcoin, El Salvador may never attract talent from the US.
Too much freedom has gone to the US. The Trump administration should release crypto-anarchists with the enthusiasm of the Doge’s enthusiasm in the spirit of some of the greatest thoughts of US freedom, such as Henry David Thoreau and others.
Long ago, the US fell behind the crypto arm breed. It will be needed to meet, and the more radical the approach taken by the Crypto Task Force, the faster the space may be closed.
If not, you can bet crypto-anarchists will be stormy on the doors.
Opinion by: Kadan Stadelmann, Chief Technology Officer, Commodo platform.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
