According to PANews, the White House has released a comprehensive report outlining a national strategy to position the United States as a global leader in blockchain, cryptocurrency markets, and tokenized finance. While the report covers a wide range of digital asset policies, it does not provide substantial updates on the government's plans for Bitcoin reserves, merely reiterating statements from U.S. President Donald Trump's January executive order without detailing subsequent steps or a timeline for implementation.
The report stems from an executive order signed by President Trump in January, which established an interagency task force on emerging technologies such as digital assets and artificial intelligence. The 166-page document, led by David Sacks, the White House's head of cryptocurrency and AI affairs, and Executive Director Bo Hines, incorporates input from the Treasury Department, Commerce Department, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC). It outlines several proposals for streamlining regulation, supporting innovation, and modernizing oversight.
The report recommends that Congress enhance legislation to grant the CFTC authority over the spot market for non-securities digital assets and support the development of decentralized finance (DeFi) technologies. It also calls for the SEC and CFTC to use their existing powers to clarify regulatory rules for digital asset trading and promote innovative financial products. Additionally, the task force suggests that regulatory bodies advance digital asset-related innovations in the banking sector, implement a federal regulatory framework for stablecoins, and strengthen anti-money laundering regulations to ensure national security.
The report emphasizes the need for the U.S. to maintain its leadership in digital assets and blockchain technology through legislative and regulatory innovation.
