The White House has unveiled a comprehensive cryptocurrency report aimed at bolstering the US digital assets landscape. The 160-page document provides a framework for regulators and legislators to execute President Donald Trump’s pledge to make the US the “crypto capital of the world.” However, it omits details on a plan to develop a federal digital asset stockpile.
Trump’s administration has been rolling back regulatory enforcement and championing legislation to broaden cryptocurrency accessibility. The report recommends structuring cryptocurrency markets, distributing regulatory responsibilities among federal agencies, and modernizing anti-money laundering rules.
Cryptocurrency insiders praise the report for providing legal clarity to an industry often associated with illicit finance. However, Democrats and ethics watchdogs raise concerns about potential conflicts of interest, as Trump’s family has ties to various crypto firms.
The White House claims no conflicts of interest, citing Trump’s assets being managed by his children in a trust he does not control. The report’s success depends on bipartisan legislative action, regulatory execution, and balancing freedom, innovation, and financial integrity.
While the report is seen as a crucial step in legitimizing digital asset markets, its omission of a bitcoin reserve plan has sparked industry curiosity. Administration officials assure that plans for a strategic stockpile are underway.
Source: https://abcnews.go.com/US/white-house-unveils-crypto-policy-roadmap-meant-usher/story?id=124215664