#WhiteHouseDigitalAssetReport

As cryptocurrencies redefine the global financial landscape, the #TRUMP administration reveals its strategic response.

The report proposes a segmentation of responsibilities based on the nature of the assets, with a clear distribution of prerogatives.

These are the main regulatory points detailed in the report:

✅ Define a clear taxonomy of cryptocurrencies, distinguishing between securities and commodities;

✅ Assign the #CFTC oversight of the "spot" market, i.e., cryptocurrency spot exchanges;

✅ Maintain regulation of tokens considered securities under the jurisdiction of the SEC;

✅ Encourage collaboration between the SEC and the #CFTC to ensure a harmonized and consistent approach at the national level.

By proposing a coherent and structured interpretation, this report aims to create an enabling environment for the development of crypto businesses.

Explicit support for stablecoins encourages banking regulators to simplify licensing procedures to allow banks to offer cryptocurrency-related services, especially custody.

The report proposes tax reform tailored to the characteristics of #cryptocurrencies , calling on Congress to legislate to recognize them as a new asset class that benefits from hybrid tax rules, halfway between securities and commodities.

This proposal outlines a vision of the monetary and financial future of a decentralized system, but under regulatory control, as evidenced by the laws passed by the United States, excluding all forms of programmable public currency.

Although this report does not constitute a law in itself, it nonetheless sets a clear and potentially lasting policy direction.