Catenaa, Thursday, July 31, 2025-The White House released a key report Wednesday urging Congress to pass enhanced crypto legislation and calling on the Securities and Exchange Commission to adopt rules tailored specifically to digital assets.
The recommendations come from a cryptocurrency working group formed by President Donald Trump shortly after he took office in January.1
See also here. https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-the-presidents-working-group-on-digital-asset-markets-releases-recommendations-to-strengthen-american-leadership-in-digital-financial-technology/
The report advocates for a formal regulatory framework that allows trading platforms to custody crypto and provides a specialized disclosure regime for crypto securities issuers.
It encourages the SEC and the Commodity Futures Trading Commission to use existing authority to enable federal-level digital asset trading without delay.
Led by Trump official Bo Hines, the working group includes Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and Office of Management and Budget Director Russell Vought.
The group’s report is the first public product from its mandate to propose crypto regulations fulfilling Trump’s campaign promise to promote digital asset adoption.
The release follows recent legislative moves including the House’s passage of the Clarity Act and Trump’s signing of the GENIUS Act establishing federal stablecoin rules.
The White House wants Congress to follow with broader market structure legislation, expanding oversight and recognizing decentralized finance innovations.
Recommendations also call on Congress to grant the CFTC authority over crypto spot markets and urge regulators to adopt safe harbors and regulatory sandboxes to accelerate innovation.
The report also highlights tokenization of traditional financial assets as a key emerging trend.
Trump’s pro-crypto stance contrasts with the previous administration’s crackdown on exchanges like Coinbase and Binance. Despite conflict-of-interest concerns tied to Trump’s crypto investments and family ventures, the White House denies any undue influence over policy.
