According to Techub News, according to a tweet from Punchbowl News author Brendan Pedersen, the White House issued an executive policy statement stating that the government opposes the passage of H.R.4763, which will affect the regulatory structure of digital assets in the United States. The government is eager to work with Congress to ensure a comprehensive and balanced digital asset regulatory framework that builds on existing institutions, which will promote the responsible development of digital assets and payment innovations and help strengthen the United States' leadership in the global financial system. In its current form, H.R.4763 lacks adequate protection for consumers and investors engaged in certain digital asset transactions. The government looks forward to continuing to work with Congress to develop digital asset legislation, including providing adequate protection for consumers and investors while creating the conditions necessary for innovation. This cooperation will take more time.