The White House has published a fact sheet with recommendations from the President’s Working Group on Digital Asset Markets, created by Executive Order 14178 issued in January, aimed at strengthening the United States' leadership in digital financial technology.
The report acts as a roadmap to consolidate what their administration calls the 'Golden Era of Crypto', positioning the country as a primary destination for blockchain innovation and digital finance.
📋 Main recommendations
1. Structure of the Digital Market
Promote legislation from Congress to close regulatory gaps.
Grant the CFTC oversight of spot markets for assets not considered securities.
Recognize and integrate DeFi technology within the traditional financial system.
2. Regulatory modernization for digital assets
Eliminate restrictive rules that hinder banking access for the sector.
Clarity on custody, tokenization, issuance of stablecoins, and banking charters.
Readjust capital rules according to actual risks, not just the presence of digital assets.
3. Strengthening the dollar and stablecoins
Immediate implementation of the GENIUS Act, a legal framework for dollar-backed stablecoins.
Support additional Acts such as the Anti-CBDC Surveillance State Act, which would reinforce the prohibition of CBDC in the U.S., protecting individual privacy.
4. Prevention of financial crimes and user protection
Modernize AML/CFT rules, clarifying responsibilities for decentralized custodians.
Safeguard user privacy and strengthen legitimate self-dispute in DeFi environments.
5. Tax simplification for crypto activities
New guidelines to minimize tax burdens on staking, mining, and small cryptocurrency income.
Clarity on CAMT, enveloping transactions ('wrapping'), and minimum receipts allowed.