Today, the White House is expected to publish a report from the working group on digital assets, prepared at the request of President Donald Trump as part of an executive order on crypto reform signed in January. A preliminary version of the document has already reached journalists.
Plans for the creation of a strategic cryptocurrency reserve are not mentioned in the report, at least in its preliminary version.
The main focus of the document is on eliminating legal uncertainty.
Regulators at the SEC and CFTC are urged to promptly allow trading in digital assets at the federal level, providing clear rules for registration, custody, reporting, and execution of transactions for market participants.
Among other recommendations are the admission of new crypto products through regulatory sandboxes, integration of decentralized finance (DeFi) into the traditional financial system, and simplifying the process of obtaining banking licenses for crypto companies.
The working group also proposes to review the approach to the taxation of mining, staking, small transactions, and corporate tax on digital assets.
The accompanying note from the White House states that the proposed measures will help the U.S. 'lead the blockchain revolution' and pave the way for a 'golden age of cryptocurrencies' — this is how the administration describes its course towards reducing regulatory barriers and expanding access to digital assets.