- Donald Trump’s administration prepares to launch a pro-cryptocurrency policy shift in the U.S.
- The new strategy will ease digital asset trading rules at the federal level and promote decentralized finance (DeFi).
- Stablecoins, pegged to the U.S. dollar, are set to become a central part of the government’s financial technology policies.
- Regulatory agencies will clarify oversight on digital assets, registration, and trading to eliminate existing gaps.
- The administration opposes central bank digital currencies (CBDCs) and supports banning them in the U.S.
Donald Trump’s incoming administration is moving to quickly introduce nationwide rules for cryptocurrency trading and promote decentralized finance, according to an advance summary of a White House report releasing later today. The shift aims to give the U.S. a leading role in blockchain technology and digital assets by offering clearer guidance to market participants.
The summary, provided by the President’s Working Group on Digital Asset Markets, highlights ongoing legislative effforts such as the GENIUS Act, establishing federal oversight for stablecoins, and the Clarity Act, designed to regulate crypto markets. The report does not mention plans for the federal government to hold Bitcoin or other cryptocurrencies.
The recommendations urge regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to remove oversight gaps and immediately enable digital asset trading at the federal level. The summary emphasizes the importance of clarity for registration, custody, trading, and recordkeeping. There is also support for integrating DeFi—digital platforms for automated crypto lending and borrowing—into mainstream financial services.
The working group also calls for new rules making it easier for crypto firms to access bank accounts and obtain financial charters. The administration reiterates its support for stablecoins tied to the U.S. dollar, urging agencies to implement the GENIUS Act quickly. Unlike stablecoins, the administration opposes a central bank digital currency (CBDC), supporting legislative moves to ban such a currency in the U.S.
Recommendations include a review of IRS and Treasury guidance on the tax treatment of crypto activities like mining and staking. There is also a call to clarify how the corporate alternative minimum tax and small crypto payments should be handled for tax purposes.
“By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and ushers in the Golden Age of Crypto,” the working group said in the released summary.
The upcoming full report will outline Donald Trump’s cryptocurrency strategy as required by his executive order from earlier this year.
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