The working group of U.S. President Donald Trump on digital assets has published a report outlining recommendations for regulating this sector. According to it, cryptocurrency plays an important role in the innovative and economic development of America. The report covers a number of points related to the digital asset sector. Its key points are as follows:
- protection of the rights of individuals and legal entities to use public blockchains, develop new solutions, participate in mining and validation, conduct settlements, and independently store crypto assets;
- support for dollar stablecoins as a measure to protect the sovereignty of the American currency;
- ensuring open access to banking services for all citizens and businesses;
- clarity and transparency of regulation, clearly defined boundaries of jurisdictions;
- taking measures to protect Americans from risks associated with central bank digital currency (#CBDC ), including a ban on issuance, circulation, and use.
In terms of regulation, the report states that oversight of the sector should be jointly carried out by the Securities and Exchange Commission (#SEC ) and the Commodity Futures Trading Commission (#CFTC ).