Opinion of: Kadan Stadelmann, Director of Technology, Komodo platform
The crypto working group held a press conference in early February 2025. He struck the wrong tone. Although the working group has rendered the lip service to regulatory clarity, the objective seemed to appease the cryptography industry, and not the change that empowers individuals.
On January 23, the president created a working group for digital assets in order to offer a federal regulatory framework concerning the issuance and exploitation of digital assets, including stablecoins and a bitcoin reserve. These objectives must be extended, and it seems that they are, because the development of a strategic reserve is underway.
Instead of perpetuating the same discussion on the “regulatory clarity” that industry has had with civil servants for years, the working group should adopt an approach similar to crypto issues as Ministry of Government Effectiveness (DOGE), which has worked in the hasty to reduce the federal agencies and the programs that this has deemed waste.
What strength should do
Instead, the crypto working group should expose the dangers of the central bank inflationary money which puts humanity on a carpet rolling without despair towards despair. He should cultivate a competitive spirit and adopt decentralized and without authorization currencies.
The working group should persuade the legislators to adopt a cryptographic structure of a leave while effectively excluding creeping fraud by the really bad actors who exploit the false hopes of people of rapid wealth. The crypto working group should turn off press releases warning people from obvious scams. He should also teach people the virtues of proof of work and the follies of many parts of proof of assistance.
The objective of the Trump crypto working group should be simple: establishing a freedom-oriented growth trajectory for the cryptography industry in the United States without delay.
The age of freedom
Trump said he wanted to promote responsible growth and use of crypto. Such recommendations do not contain as much merit as they grant entrepreneurs the freedom to take risks and reduce massive companies to deploy a digital panoptic with centralized cryptocurrencies.
Recent: The dry working group continues to meet companies on cryptographic regulations
If the United States must be competitive with countries like the United Arab Emirates, the United States must create a regulatory sandbox which allows founders to develop technology-including controversial technologies such as decentralized pieces-in legal gray areas without fear of prison or prison as long as it did not flagrantly violate the pre-existing law.
It’s time to let the market decide
Before Trump was elected, the founders of American crypto supported themselves by hunts with witches from titles and the apparently arbitrary trade commission, which still took the most respected cryptographic institutions, such as Coinbase and Kraken.
The dry went after Ripple for having made an alleged warranty not registered, but Ripple experienced significant victories in this case, in particular when the tokens are sold to the institutions. Countless founders have been disabled in the United States for having even founded crypto-adjacent companies. This suggests that there was a total Washington war and large banks against industry. This must end and the damage that has been caused should be repaired. The crypto working group cannot protect large banks from crypto. He must let the market decide.
Although many costumes have been abandoned, legislators have pseuche for them. So many things have changed since the 20th century, when the United States was a world leader in the development of the Internet. He fell far behind the crypto.
What the United States now needs is innovation, not cryptographic paperwork. The world has anti-flowage laws (AML) and knows the laws of your customers (KYC). The crypto working group should not waste time developing a set distinct from AML and KYC laws. Instead of studying the feasibility of a bitcoin reserve, just put the confiscated bitcoin of Ross Ulbricht, founder of the Silk Road, under the management of the Treasury and call it one day instead of selling it.
The crypto working group must now work to build a renewed spirit of spirit of technological innovation in the United States. Asian countries have demonstrated a higher level of participation in retail. The United States needs a strategy to educate and allow the public to invest in retail to participate in exciting markets and new markets such as blockchain and AI. The United States must go from a conservative approach to the crypto to a progressive approach similar to what we have seen in the water.
The United States has already undergone a brain flight, as entrepreneurs have left to pursue opportunities in the more friendly courts. If the United States had developed a welcoming Bitcoin approach, El Salvador could never have attracted talent from the United States.
Too much freedom has already been lost in the United States. The Trump administration must release the crypto-anarchists with the enthusiasm of Doge in the minds of some of the greatest thinkers of the United States, such as Henry David Thoreau and others.
A long time ago, the United States has lagged behind in the crypto arm race. It will take work to catch up, the more the approach adopted by the cryptographic working group is radical, the faster the gap can be closed.
If this is not the case, you can bet that we, crypto-anarchists, will take the doors.
Opinion of: Kadan Stadelmann, Director of Technology, Komodo platform.
This article is for general information purposes and is not intended to be and must not be considered as legal or investment advice. The points of view, the thoughts and opinions expressed here are the only of the author and do not reflect or do not necessarily represent the opinions and opinions of Cointellegraph.
