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The White House released a detailed crypto report on Wednesday that outlines a comprehensive framework for regulating and advancing digital assets in the United States.
This initiative is part of President Donald Trump’s broader commitment to establish the US as the “crypto capital of the world.” However, ABC News has found that the report notably lacks information on a contentious proposal to create a federal digital asset stockpile.
Report Urges Regulators To Clarify Crypto Rules
In a briefing with reporters, officials emphasized the report’s potential to guide policymakers in ensuring the United States leads in blockchain technology. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” they stated.
The report offers a range of recommendations aimed at structuring cryptocurrency markets and clarifying regulatory roles among federal agencies, particularly the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
It urges these regulators to provide immediate clarity on critical issues such as registration, custody, trading, and recordkeeping, advocating for a streamlined approach that would facilitate the introduction of innovative financial products to consumers without bureaucratic delays.
Additionally, the report calls on Congress to enact laws that embrace Decentralized Finance (DeFi) technologies and recognize their potential in mainstream finance.
It also emphasizes the need to modernize anti-money laundering (AML) regulations to combat illicit activities associated with cryptocurrency networks.
Federal Bitcoin Reserve Plans Remain Unclear
Reactions from industry insiders have been largely positive, with many viewing the report as a pivotal step toward legitimizing digital asset markets.
James Butterfill, head of research at CoinShares, described the document as “highly ambitious,” noting its strong endorsement of digital assets.
However, he cautioned that the report’s success hinges on bipartisan legislative support, effective regulatory execution, and a careful balance between freedom, innovation, and financial integrity.
Despite the optimism, some industry leaders had expected the report to shed light on plans for a federal Bitcoin reserve, a topic that was conspicuously absent.
During the press briefing, a White House official indicated that infrastructure for this initiative is being developed, with more information anticipated soon.
Featured image from DALL-E, chart from TradingView.com
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