Daniel - Bountycaster on Warpcast

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Daniel - Bountycaster

Bounty: Thread explaining today's White House Executive Order on Digital Assets Leadership https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/ Requirements: • Create thread covering: - Key provisions of the order - Impact on digital asset industry - How this could impact Bountycaster Reward: 20 USDC Timeline: 48 hours Deliverable: Thread under original post @bountybot

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@0xludovico you have received an onchain attestation via EAS for this bounty completion

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Your bounty was marked as complete and users have the completion recorded in their profiles. You can pay any users that replied directly at https://www.bountycaster.xyz/bounty/0x825fa16efb07703ef7baacc50f59919adadae45c Thanks for using Bountycaster! 🎉

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@0xludovico was paid 20 USDC for this bounty

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Your bounty deadline just passed (2 week default unless specified). If you'd like to edit the bounty amount or deadline, please update through the bounty frame "admin" button If the bounty was completed, please update through the "admin" button

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@pirosb3 updated the deadline to 01/29/2025

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Your bounty deadline just passed (2 week default unless specified). If you'd like to edit the bounty amount or deadline, please update through the bounty frame "admin" button If the bounty was completed, please update through the "admin" button

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@pirosb3 updated the deadline to 01/27/2025

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Your bounty deadline just passed (2 week default unless specified). If you'd like to edit the bounty amount or deadline, please update through the bounty frame "admin" button If the bounty was completed, please update through the "admin" button

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Confirmed! On your bounty page, you can pay users and view their bounty completion history Frame buttons - Admin: manage bounty status (in progress, complete), edit amount and deadline - Boost: get more attention on your bounty 🤖 commands - @bountybot cancel - @bountybot in progress - @bountybot complete (optional: tag winners) - @bountybot shoutout (optional: tag winner and write a positive review)

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Vishleshak 🎩 🟪🟡

My submission : https://warpcast.com/vishleshak/0x14f52689

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--Dir3-- pfp

1/ 🚨 The White House just issued an Executive Order on Digital Assets Leadership. Let’s break down the key points, its impact on crypto, and what it means for Bountycaster. 🧵 2/ Key Goals: • Protect consumers & investors • Address illicit finance risks • Promote innovation for financial inclusion • Establish U.S. global leadership in crypto regulation 3/ Provisions: • Consumer Protection: Clearer rules for exchanges, stablecoins, & DeFi to prevent fraud. • Illicit Finance: Scrutiny on mixers, privacy coins, & AML compliance. • Global Standards: Aligning U.S. regulations with global norms for better cross-border operations. 4/ Impact on Crypto: • Boosts institutional confidence • Encourages innovation in regulated spaces • Privacy projects face scrutiny • Startups may struggle with compliance costs

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KEY PROVISIONS Protection of rights on public blockchains: Ensures the freedom to develop, validate, transact, and self-custody digital assets without persecution. Promotion of dollar-backed stablecoins: Drives their global growth to strengthen the dollar's position in the digital economy. Clear and neutral regulations: Provides a predictable and transparent framework that fosters innovation and attracts investment. Prohibition of CBDCs: Protects privacy and prevents direct government control over individual transactions. Creation of a presidential working group: Will design regulations and evaluate a national digital asset reserve. Revocation of restrictive previous policies: Removes regulatory barriers, paving the way for a more crypto-friendly approach.

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@samuellhuber.eth

@buoy reminds in 48 hours

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ren.eth pfp

My short thread on this https://warpcast.com/harukaa/0x9b3eddf6

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Py_sama pfp

Key Provisions of the Executive Order 1. Support for Digital Assets and Blockchain:The order aims to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy. It recognizes the importance of the digital asset industry for innovation, economic development, and the United States' international leadership. 2. Protection of Individual Rights:** The order seeks to protect the ability of individuals and private-sector entities to access and use open public blockchain networks without persecution. This includes the ability to develop and deploy software, participate in mining and validating, transact without unlawful censorship, and maintain self-custody of digital assets. 3. Promotion of the US Dollar: The order aims to protect the sovereignty of the U.S. dollar, including through the promotion of lawful and legitimate dollar-backed stablecoins.

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Wanderer Utkarsh 🎩🪄

Here's a thread explaining the White House's Executive Order on Digital Assets Leadership: 1/ Key Provisions of the Order: Regulatory Framework: The order establishes a Presidential Working Group on Digital Asset Markets, tasked with developing a Federal regulatory framework for digital assets, including stablecoins. This aims to provide clarity and certainty in the regulation of digital assets, focusing on market structure, oversight, consumer protection, and risk management. Digital Asset Stockpile: There's a directive to evaluate the creation of a national digital asset stockpile, particularly from cryptocurrencies seized by law enforcement, highlighting a novel approach to managing and potentially leveraging these assets. Stablecoins and Blockchain: The order promotes the development and growth of lawful dollar-backed stablecoins globally while emphasizing the use of "public" blockchain technologies, suggesting a preference for decentralized systems over centralized ones.

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Lohith Veerepalli

@lohithveerepalli

Hey @pirosb3, here's my take on the new White House order: What's in the Order? They're setting rules for digital money, like Bitcoin and USDC. They want to make sure it's safe for everyone and keep the dollar strong. But no CBDCs for us, which means no digital dollars directly from the Fed. What Does It Mean for Crypto? It could make things clearer for businesses dealing with crypto, making it safer for everyone to use. Stablecoins, like USDC, might become even more popular. For Bountycaster? This could mean more people using our platform because they trust it more with the new rules. We might see more bounties about making sure everything follows these new rules or projects to do with digital money. Also, since stablecoins are getting a boost, our rewards might feel more secure.

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