White House Pushes for Reporting of Overseas Digital Assets 🇺🇸💰
📢 According to Foresight News, the White House has proposed new legislation requiring U.S. taxpayers to report digital asset accounts held overseas.
🧾 This move is aimed at preventing crypto assets from being transferred abroad by American citizens, a step the Trump administration claims will boost domestic digital asset innovation.
⚖️ The proposal also seeks to level the playing field for U.S.-based digital asset platforms, addressing concerns over the lack of reporting mechanisms.
