๐บ๐ฒ President Trump's crypto task force released a 160-page policy report calling on U.S. regulators-SEC and CFTC-to clarify rules around custody, registration, trading, and tax treatment of digital assets. It endorsed the Clarity Act for jurisdictional clarity and urged full implementation of the GENIUS Act, signed on July 18 to regulate stablecoins.
The report marks a major shift toward regulatory certainty and openness. With named participants like David Sacks, SEC Chair Paul Atkins, and Treasury Secretary Scott Bessent, the administration is signaling that crypto should be treated as a strategic asset class. This builds on Trump's earlier executive orders and charting of a Strategic Bitcoin Reserve, establishing crypto as part of national economic policy.
The digital-asset industry welcomed the report-even as critics note no fresh details on the Bitcoin Reserve. Bitcoin held near $117,100 after release. ETFs trading in crypto dipped slightly; stock reactions were muted amid optimism about legislative momentum.
The task force urges Congress to pass the Clarity Act, task regulators to act swiftly, and push IRS to overhaul crypto taxation rules. The Strategic Bitcoin Reserve remains a work in progress and expected to influence market behavior once clarified. The next steps could define whether the U.S. leads what the administration calls the "Golden Age of Crypto".
