Recently, a cryptocurrency report released by the White House has attracted widespread attention. This report demonstrates a significant shift in the U.S. government's attitude towards cryptocurrency, particularly Decentralized Finance (DeFi).

The report clearly states the need to 'actively embrace Decentralized Finance', which stands in stark contrast to the previous cautious stance. The government seems to recognize the potential of Decentralization and hopes to promote its healthy development through appropriate regulations, rather than adopting an outright ban.

It is worth noting that the report emphasizes the importance of advancing the implementation of regulations by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The division of responsibilities between these two agencies in cryptocurrency regulation has always had gray areas, leading to a lack of clear guidance for market participants. This explicit push for regulatory implementation means that the market will have clearer compliance guidelines in the future.

The SEC is expected to primarily focus on crypto assets with 'securities attributes', such as certain platform tokens and tokenized securities. Meanwhile, the CFTC may concentrate on cryptocurrencies that are closer to 'commodities', like Bitcoin and Ethereum. For 'hybrid' assets that fall between the two, the report proposes a coordination plan between the two agencies to avoid project teams falling into regulatory dilemmas.

This shift in regulatory attitude is likely to have a positive impact on the entire encryption industry. A clear regulatory framework will enhance the confidence of institutional investors while also providing more protection for retail investors. In addition, on the basis of compliance, innovation in the Decentralized Finance (DeFi) sector may gain greater room for development.

As specific regulatory guidelines are gradually introduced, the landscape of the cryptocurrency market may undergo significant changes. Industry insiders generally believe that this report marks an important turning point in U.S. cryptocurrency policy, warranting continuous attention to subsequent developments.