📰 White House on Digital Asset Markets Releases Recommendations to Strengthen American Leadership in Digital Financial Technology.
🇺🇸 Main Goal
President Trump’s administration aims to make the U.S. the global leader in digital assets by establishing a regulatory framework that supports innovation, ensures consumer protection, and integrates blockchain into mainstream finance.
1. ✅ Regulatory Clarity and Oversight
Congress should pass the CLARITY Act to Close gaps in crypto regulation.
Give the CFTC authority over spot markets for non-security digital assets.
2. 🏦 Modernizing Bank Regulation
Ended Operation Choke Point 2.0 – no more de-banking crypto companies.
Encourage banks to custody digital assets, issue stablecoins, and use blockchain.
3. 🔐 Anti-Money Laundering (AML) Modernization
Modernize AML laws to fit DeFi and Web3.
Clarify BSA (Bank Secrecy Act) rules for Self-custody wallets, DeFi protocols, and privacy protection.
4. 💰 Tax Simplification for Digital Assets
Reduce tax burdens by:
Providing guidance on wrapping, de minimis transactions, and CAMT.
Reviewing old tax policies on mining and staking.
