The White House on Wednesday released a 160-page “road map” for cryptocurrencies, the most comprehensive proposal for U.S. federal policy on digital assets to date. The document, drafted by a task force convened by the Trump administration, aims to cement America’s position as the global leader in crypto. The report calls on Congress and federal agencies to implement innovation-friendly reforms, urging the SEC and CFTC, among others, to immediately clarify rules on registration, custody, trading and the DeFi sector. It also endorses technologies such as tokenisation and blockchain-based finance. Proposals include modernising anti-money-laundering (AML) regulations and creating safe legal frameworks and “regulatory sandboxes” for innovative products.
Key points:
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Create account Try a demo Download mobile app Download mobile app- The 160-page report is the first comprehensive federal framework for digital assets.
- It urges Congress to pass broad regulations covering the crypto and stablecoin markets.
- It calls on the SEC and CFTC to define rules for custody, trading and token classification.
- It supports DeFi, tokenisation, tailored disclosure requirements and AML reforms.
- It raises concerns about Trump’s personal ties to crypto projects and potential conflicts of interest.
Although the document contains no new information about the administration’s earlier plan to establish a federal bitcoin reserve, it reiterates the White House’s ideological support for crypto development. President Trump, once a crypto sceptic, now openly promotes deregulation, having recently signed a stablecoin bill and backed market-structure reforms.
Bitcoin is currently consolidating near its historic highs.
Source: xStation 5