Stay sharp - this will have big effects on the crypto space.

Alright, do some burpies, snort some coffee grounds, tell your mom you're skipping Thanksgiving to hang out with your friends...

Whatever you need to do to get your adrenaline pumping - do it.

This news seems like a total snooze fest, but it has big implications for the future of crypto, so you'll want to be focused.

The White House has just released a 'comprehensive framework' for crypto regulation and development.

While there isn't any legislation being enacted just yet, the framework does provide a clearer vision for the future of Web3 and cryptocurrencies.

Here're the highlights:

• The U.S. aims to become a global crypto frontrunner by encouraging private-sector innovation and co-operation on an international level.
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  ​The good: the U.S. gov sees crypto as a positive economic force and wants to capitalize on it (this means growth).
  ​The bad: hints at greater gov. oversight (could be negligible, we just don't know yet).
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• The U.S. treasury is going to jump in and help financial institutions mitigate cyber risks through data sharing and analysis.
  ​
  ​The good: more security in the space.
  ​The bad: less data/financial privacy.
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• Clear regulatory guidance to be given to crypto firms.
  ​
  ​The good: finally, rules to play by. This will allow rapid growth.
  ​The bad: let's hope the rules laid out, are fair.
  ​

• There are “opportunities” to ensure that blockchain technology aligns with “a net-zero emissions economy."
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  ​The good: less carbon emissions.
  ​The bad: energy intensive blockchains like Bitcoin could be unfairly targeted, even if they use renewable energy to power themselves.
  ​

• A U.S. 'Central Bank Digital Currency' (CBDC) could be on the way.
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  ​The good: CBDC's will act as super reliable stablecoins.
  ​The bad: sets the stage for unprecedented government control (the gov. could choose to alter how/where you can spend you CBDC's).

It's a lot to take in - and for now, 'the good' and 'the bad' of it all isn't set in stone (they're all just "maybe's").

As long as consumers are still given optionality in regards to stablecoins and rights to financial & data privacy - the risks of 'the bad' could be largely mitigated.

Alright, now call your mom back and tell her you were just playing around.