Recently, the White House released a policy report titled "Crypto 3.0", indicating a significant shift in the U.S. government's attitude towards digital assets and Blockchain technology. The report outlines a new strategy for the U.S. in the global Crypto Assets arena, highlighting several key points that are worth our close attention.

First, regulators will adopt a more coordinated approach. The report calls for close cooperation between the two major regulatory agencies, the SEC and CFTC, to clarify their respective regulatory scopes and accelerate the development of compliance guidelines. This means that the crypto industry may soon gain a clearer regulatory framework.

Secondly, the report shows that the banking industry's attitude towards Crypto Assets may be loosening. This could encourage banks to start offering services related to Crypto Assets custody, payments, and stablecoins, bringing more financial support to the industry.

In terms of stablecoins, the report proposed recommendations for legalization. At the same time, it is worth noting that the report recommends a permanent ban on the U.S. version of Central Bank Digital Currency (CBDC) to protect citizens' privacy.

For DeFi developers and users, the report also brings positive news. It clearly states that developing DeFi protocols does not constitute illegal activity, and users can legally use self-custody wallets for on-chain operations. This provides more protection for innovators while also safeguarding the rights of users.

Finally, the report also proposed some tax-related recommendations, such as tax exemptions for small crypto asset transactions and simplifying the tax filing process. These measures are expected to significantly reduce the compliance burden on industry participants.

Overall, this report has released positive signals, indicating that the U.S. government is working hard to find a balance between regulation and innovation. In the short term, this may boost market confidence; in the long term, it may drive more institutional participation, promote capital inflow, and improve the compliance framework. We may be witnessing the dawn of a new era in the Crypto Assets industry. This policy report will undoubtedly have a profound impact on the global Crypto Assets landscape, and we will continue to follow its subsequent developments.