Singapore
Raise It With Press Release
TechnologyCommerce / LifestyleFood / BeverageEducationReal Estate / Architecture
Get Guaranteed Publications in minimum 40 Media Outlets for Just S$50
Try it >>
press release

/ Trump’s Crypto Report White House: U.S. Eyes Golden Age of Digital Assets

Trump’s Crypto Report White House: U.S. Eyes Golden Age of Digital Assets

Bitrue
Trump’s working group releases landmark crypto regulation report, aiming to establish U.S. dominance in digital assets. Tax, DeFi, stablecoins & banking included.
preview

In a sweeping and unprecedented move, President Donald Trump’s Working Group on Digital Asset Markets has unveiled a landmark 160-page report that outlines a comprehensive strategy to regulate, support, and dominate the global cryptocurrency landscape.

The release of this long-anticipated crypto regulation framework marks a critical pivot from skepticism to full-scale adoption by the U.S. federal government.

It provides a roadmap to position the United States as the undisputed global leader in digital assets, through regulatory clarity, stablecoin legislation, banking modernization, and pro-innovation tax reform.

A New Taxonomy for Crypto Assets

At the heart of the report is a call to define the “taxonomy” of digital assets, differentiating between securities and commodities, a foundational step in streamlining crypto regulation.

1. The CFTC will have jurisdiction over non-security (commodity) tokens and spot markets.

2. The SEC will continue overseeing security tokens and enforce related compliance.

The report encourages joint action between the SEC and CFTC, urging them to provide immediate clarity to market participants on key issues including registration, custody, and trading.

“A rational regulatory framework for digital assets is the best way to catalyze American innovation,” wrote SEC Chair Paul Atkins in response to the report.

Banking Gets a Crypto-Friendly Makeover

The Trump administration signals the end of Operation Choke Point 2.0, advocating for a pro-crypto banking environment. The working group recommends:

1. Allowing banks to offer crypto custody services.

2. Simplifying the bank charter process for digital asset institutions.

3. Adjusting capital requirements based on actual blockchain-related risk, not perception.

This regulatory clarity could unlock a wave of institutional adoption, enabling depository institutions to meet growing consumer demand for crypto services.

Stablecoins as a Tool for U.S. Dollar Dominance

Stablecoins received significant attention in the report as tools to modernize payments infrastructure and preserve the dollar’s global dominance.

Following the July 18 signing of the GENIUS Act, the U.S. now has a first-ever federal regulatory framework for stablecoins. Key highlights:

1. Stablecoin issuers can coordinate with law enforcement to freeze illicit transactions.

2. The Treasury must implement the GENIUS Act swiftly.

3. The report calls for the passage of the Anti-CBDC Surveillance State Act, formally banning the development of a Central Bank Digital Currency in the U.S.

By embracing stablecoins and rejecting CBDCs, the Trump administration aims to protect privacy, enhance liberty, and sideline surveillance finance.

Reforming Digital Asset Taxation

Crypto taxation remains one of the most complex barriers for investors. The report proposes a new tax classification for digital assets:

1. Legislation should treat crypto as a distinct asset class, subject to tailored tax rules.

2. Recommend changes for staking, mining, CAMT, and de minimis digital receipts.

3. Expand wash sale rules to include digital assets.

These changes aim to reduce compliance burdens and streamline tax reporting, a long-standing headache for both retail and institutional crypto participants.

Combating Illicit Finance in DeFi

Recognizing concerns about criminal activity in decentralized networks, the working group suggests:

1. Clarifying Bank Secrecy Act (BSA) obligations for DeFi actors.

2. Encouraging regulators to protect self-custody rights.

3. Ensuring that AML enforcement does not infringe on privacy or legitimate use cases.

This balanced approach attempts to safeguard innovation while addressing security threats, positioning the U.S. as both a safe and open market.

Criticism and Controversy

While the report has been widely praised within the crypto industry, CoinShares' James Butterfill called it “an unusually strong endorsement of digital assets”, critics argue it could open doors to conflicts of interest.

President Trump and his family are deeply involved in crypto ventures, from meme coins and stablecoins to mining operations and BTC reserves. Watchdogs claim this crossover between personal gain and public policy could damage trust.

“Today’s self-aggrandizing report is little more than an industry wishlist masked as government policy,” said Tony Carrk of Accountable.US.

The White House, however, asserts that Trump’s crypto assets are held in a trust, inaccessible to the president directly.

America’s Golden Age of Crypto?

The release of this report aligns with Executive Order 14178, signed earlier this year, which mandates American leadership in digital financial technology.

From DeFi integration to anti-CBDC legislation and stablecoin standardization, the working group believes these recommendations, if implemented, could “usher in the Golden Age of Crypto.”

The stakes are high. With countries like China and the EU moving aggressively toward state-backed CBDCs, America’s decision to take a private-sector-first approach could prove to be a defining moment in the future of global finance.

Conclusion

President Trump’s bold crypto strategy marks a turning point for the industry, offering the kind of regulatory clarity that has long eluded innovators and investors alike. 

Whether this plan will be successfully enacted depends on bipartisan legislative support, effective regulatory coordination, and the delicate balancing of privacy, freedom, and financial integrity.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
Contact
Fransiskus Email: fransiskus@bitrue.com

Categories
Cryptocurrency

Other Press Release
Cryptocurrency
Will XRP Skyrocket This Week? SEC Decision and Policy Shift Loom
Bitrue
Aug 01, 2025

Cryptocurrency
XRP News Today! Ripple vs. SEC: Is August 15 the Turning Point for XRP?
Bitrue
Aug 01, 2025

Cryptocurrency
FOMC Meeting Today Shocker, Fed Holds Rates, Dissent Grows
Bitrue
Jul 31, 2025

Cryptocurrency
Ethereum Turns 10: Free NFT, Livestream, and a Bold Future Ahead
Bitrue
Jul 31, 2025

Cryptocurrency
What is Bitrue Alpha? Discover, Trade & Profit from Early Crypto Gems Instantly
Bitrue
Jul 31, 2025

Cryptocurrency
Could Solana Hit $250 Soon? What’s Fueling SOL’s Remarkable Comeback?
Bitrue
Jul 22, 2025

NFT
CryptoPunks Spark NFT Market Revival as Ethereum Surges Past $3,800
Bitrue
Jul 22, 2025

Cryptocurrency
SharpLink Gaming Bets Big on Ethereum, ETH Price Predictions Soar Toward $7,500?
Bitrue
Jul 15, 2025

Cryptocurrency
What is USD1? The Rise of a Politically Charged, Institution-Grade Stablecoin for the Modern Financial Era
Bitrue
Jul 15, 2025

Cryptocurrency
What is Pump.fun, How It Works, PUMP Token Price Prediction, and Where to Buy
Bitrue
Jul 15, 2025

Cryptocurrency
Pump.fun’s $600M ICO Shakes Crypto Markets: PUMP Token Surge, Strategy, and Controversy Explained
Bitrue
Jul 14, 2025

Cryptocurrency
Is Beeg Coin (BEEG) Still Worth It? Should You Buy Dead Beeg Coin?
Bitrue
Jul 13, 2025

Cryptocurrency
How to Chase Your BEEG Crypto Dreams: From Trading Wisely to Launching Your Own Meme Coin
Bitrue
Jul 13, 2025

Cryptocurrency
What is DEGEN Crypto and the Rise of Solana’s Meme Coin Culture: A Golden Era for Degens
Bitrue
Jul 13, 2025

NFT
Who is XXXTentacion? A Story of Loss, Legacy, and XXXTentation's Correlation with Crypto & NFT
Bitrue
Jul 13, 2025

Cryptocurrency
XRP Surges Past $170 Billion Market Cap as ETF Hype and Legal Optimism Fuel Rally
Bitrue
Jul 13, 2025

Cryptocurrency
Bitcoin Soars Past $118K on ETF Demand, Pro-Crypto Trump Policies, and Institutional Momentum
Bitrue
Jul 11, 2025

Cryptocurrency
Bitcoin Price Breaks Past $109K Amid Trade Deals and Institutional Inflows, Price Correction Coming Soon?
Bitrue
Jul 03, 2025

Cryptocurrency
Why Is Crypto Going Up Today? Bitcoin Nears $110K and Ethereum Surges – July 2025 Price Outlook
Bitrue
Jul 03, 2025

Cryptocurrency
XRP News Today! XRP Price Surges Past $2.25 Amid Ripple’s Banking Ambitions and ETF Breakthrough
Bitrue
Jul 03, 2025

Cryptocurrency
How to Join Cardano Midnight Airdrop and Get Free NIGHT Tokens
Bitrue
Jul 03, 2025

Cryptocurrency
What is Cardano Midnight Airdrop: A Historic, Multi-Chain Airdrop Aimed at Revolutionizing Blockchain Privacy
Bitrue
Jul 03, 2025

Cryptocurrency
Top 11 Meme Coins and Altcoins to Watch in July 2025, Potential to Reach ATH in This Month!
Bitrue
Jun 29, 2025

Cryptocurrency
Solana (SOL) Price Prediction July 2025, Is a Bullish Breakout on the Horizon?
Bitrue
Jun 29, 2025

Cryptocurrency
Bitcoin Surges to $107K, Is a New All-Time High on the Horizon?
Bitrue
Jun 29, 2025

Cryptocurrency
Bitcoin Price Rebound, Gold Comparison, and Expert Shift in Crypto Allocation: What It Means for Investors
Bitrue
Jun 29, 2025

Cryptocurrency
XRP News Today! Ripple CEO's Tattoo, Legal Milestones, and the Bold XRP $20,000 Prediction
Bitrue
Jun 29, 2025

Cryptocurrency
Crypto Market Update: July Sparks BTC Momentum, Geopolitical Shifts Drive Investor Sentiment
Bitrue
Jun 29, 2025

Cryptocurrency
Ethereum on the Brink: Will ETH Crash Below $2,400 or Explode Toward $3,000 as War Fears Roil Markets?
Bitrue
Jun 22, 2025

Cryptocurrency
EU Crypto Volumes Skyrocket 70%—Is America Falling Behind Under Trump’s Watch?
Bitrue
Jun 22, 2025

Cryptocurrency
Crypto Market Crashes as U.S.—Iran Conflict Escalates: Bitcoin Falls Below $100K
Bitrue
Jun 22, 2025

Cryptocurrency
Bitcoin Mirrors 2017 Surge as Geopolitical Tensions and Macro Forces Shake Crypto Market
Bitrue
Jun 22, 2025

Cryptocurrency
XRP News Today! Ripple’s Legal Saga Deepens as Speculation Roils XRP Market
Bitrue
Jun 22, 2025

Cryptocurrency
Solana in the Spotlight: Whale Transfers, ETF Hype, and Institutional Moves Spark Investor Frenzy
Bitrue
Jun 17, 2025

Cryptocurrency
XRP News Today! XRP ETF Speculation Surges as SEC Settlement Nears Final Stage, Despite Market Volatility
Bitrue
Jun 13, 2025

Cryptocurrency
Crypto News Today! Market Plunges Amid Geopolitical Crisis, Trump Tariffs, and Massive Liquidations
Bitrue
Jun 13, 2025

Cryptocurrency
XRP News Today! XRP to Explode Past $25 or Plummet Below $1? Here’s the Analysis
Bitrue
Jun 11, 2025

Cryptocurrency
Bitcoin (BTC) New ATH in June 2025 Amid Whale Trades? Here's the Analysis
Bitrue
Jun 10, 2025

Cryptocurrency
Trump, Crypto, and Controversy: Inside the $TRUMP Coin and Wallet Saga
Bitrue
Jun 06, 2025

Cryptocurrency
Choda-Chodi, from Bengali Slang to Hypothetical Crypto Phenomenon
Bitrue
Jun 05, 2025

Cryptocurrency
What is Build On BNB? BOB Price Prediction 2025–2028
Bitrue
Jun 05, 2025

Cryptocurrency
XRP News Today! Ripple’s RLUSD Approved in Dubai, XRP Price Skyrocketing? Here’s the Analysis
Bitrue
Jun 04, 2025

Cryptocurrency
Everything You Need to Know about Agenda 47! Tokenomics, Market Outlook, and A47 Price Predictions 2025–2028
Bitrue
Jun 04, 2025

Cryptocurrency
Crypto News! $BLUM Will Launch Soon with Snapshot and Blum Airdrop Details Amid Market Uncertainty
Bitrue
Jun 03, 2025

Cryptocurrency
Diving Deeper Into TUFT Token and TreasureFun: A Comprehensive Guide to the NFT Ecosystem’s Rising Star
Bitrue
Jun 02, 2025

Cryptocurrency
8 Promising Crypto Airdrops in June 2025, More Than Just Free Tokens
Bitrue
Jun 02, 2025

Cryptocurrency
XRP News Today! XRP Price Breakout? Check Out the Analysis Here
Bitrue
Jun 02, 2025

Cryptocurrency
XDC Network Price Prediction and Market Outlook 2025–2030
Bitrue
Jun 01, 2025

Cryptocurrency
What is Beeg Blue Whale? Here’s BEEG Token Analysis and Price Prediction 2025-2030
Bitrue
May 28, 2025

Bitrue
URL
https://www.bitrue.com/
Industry
Service
Weekly Release Ranking
Jul 03, 2025 2025
How to Join Cardano Midnight Airdrop and Get Free NIGHT Tokens
Bitrue
VRITIMES Video
vricrew bannervritimes na euvritimes jpFree consultationManual EbookPR College