- The White House released a cryptocurrency roadmap and factsheet, supported by a 160-page report.
- The report calls for new U.S. SEC and Congressional action to better regulate digital assets.
- The recommendations aim to position the United States as a global leader in the cryptocurrency sector.
- The report supports allowing trading platforms to both trade and hold cryptocurrencies, with special rules for disclosures.
- Despite these U.S. policy moves, the crypto market remains slow as Bitcoin faces resistance at the $118,000 mark.
The White House has published a detailed factsheet and roadmap for cryptocurrency policy, alongside a 160-page report by The Working Group. The report recommends new legislation to provide clearer regulations for digital assets in the United States, including a bigger role for the Securities and Exchange Commission (SEC).
According to the report, Congress should create rules that include allowing crypto trading platforms to also serve as custodians (entities that hold assets on behalf of customers). The roadmap also proposes a separate set of disclosure requirements for issuers of cryptocurrency securities.
The report urges both the SEC and the Commodity Futures Trading Commission (CFTC) to use their existing authority to allow nationwide trading of cryptocurrencies and digital assets. It states, “By implementing these recommendations, policymakers can ensure that the United States leads the blockchain revolution and ushers in the Golden Age of Crypto.”
Recent legislative activity by the U.S. House of Representatives, such as passing the GENIUS, Clarity, and Anti-CBDC Acts and Bills, shows cryptocurrency remains a legislative focus. The report points out that President Donald Trump has expressed a goal of making the U.S. the “crypto capital of the world.”
Despite these policy efforts, the cryptocurrency market has not responded with significant gains. Bitcoin is struggling to move past $118,000, and analysts suggest that clearing $120,000 might trigger a broader market rally. The Federal Reserve maintaining its current interest rates could be contributing to slow market activity, despite pressure from President Trump on Federal Reserve Chair Jerome Powell. Higher borrowing costs may be discouraging smaller investors.
Earlier this month, the market saw corrections after Bitcoin reached a new peak of $122,838. Other major cryptocurrencies like XRP and BNB also reached record highs following Bitcoin’s growth.
The full factsheet and roadmap are available on the White House website for further details on the U.S. government’s cryptocurrency policy plan.
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