#WhiteHouseDigitalAssetReport The White House Digital Asset Policy Report, mandated by Executive Order 14178, provides a comprehensive framework for the regulation and growth of digital assets in the United States. The report, developed by the President's Working Group on Digital Asset Markets, lays out a strategy to position the U.S. as a global leader in the digital asset space while addressing key concerns such as illicit finance, consumer protection, and market stability.
Here are some of the key takeaways and recommendations from the report:
* Market Structure and Regulation: The report emphasizes the need for a clear and predictable regulatory framework. It recommends that Congress pass legislation to provide the Commodity Futures Trading Commission (CFTC) with the authority to oversee the spot markets for non-security digital assets. It also calls for a definitive taxonomy of tokens to clarify the jurisdiction between the CFTC and the Securities and Exchange Commission (SEC). The report advocates for a "fit-for-purpose" market structure that supports innovation, protects consumers, and maintains U.S. leadership