Crypto Lawyers’ Bold Blueprint for Trump

Over 20 cryptocurrency attorneys have penned an open letter to President Trump, offering a roadmap to cement the U.S. as the undisputed leader in blockchain innovation. As someone who’s spent years decoding regulatory chaos, I can’t help but admire their audacity—and timing. The letter, exclusively released via CoinDesk, reads like a wishlist for every crypto entrepreneur who’s ever cursed the SEC’s opaque guidance.

The Core Pitch: Freedom Meets Framework

The lawyers argue that America’s ethos of individual liberty naturally aligns with crypto’s decentralized ideals. Yet, as they dryly note, regulators have treated digital assets like “unwanted stepchildren” — forcing talent offshore with contradictory rules. Their solution? A three-pronged strategy:

1. Support homegrown innovators (Coinbase, Circle) with clear rules
2. Champion crypto values like privacy and disintermediation
3. Fix the business environment by ending punitive banking restrictions

Regulatory Roulette: SEC vs. CFTC

The letter skewers the current jurisdictional mess between agencies. One gem: “Tokens powered by open-source software aren’t securities—they’re more like digital wheat fields.” They propose Congress draw bright lines between securities and commodities, learning from Europe’s MiCA framework while avoiding its pitfalls.

Stablecoins: The Dollar’s Digital Lifeline

With $200B+ in circulation, stablecoins are framed as strategic assets—modern-day Eurodollars bolstering USD dominance. The lawyers push for transparent reserve requirements, noting how these tokens “quietly fund U.S. Treasury demand” between coffee trades.

My Take: A High-Stakes Opportunity

As an INTJ analyst, I appreciate the letter’s surgical precision. But will Trump’s team prioritize crypto amid political theatrics? The proposed policies—from axing SAB 121 accounting rules to creating federal sandboxes—could unleash unprecedented growth. Or collect dust alongside other well-intentioned white papers.

Final thought: Whether you’re a Bitcoin maxi or TradFi skeptic, this manifesto deserves attention. Because if regulators keep driving builders abroad, even meme coins won’t laugh about it.