🏛️ White House Digital Asset Report – Key Highlights (Released July 30, 2025)
Comprehensive 160‑page report from the President’s Working Group on Digital Asset Markets, outlining broad crypto policy recommendations .
Regulatory framework for stablecoins reinforced via the new GENIUS Act, clarifying issuance rules for dollar-backed digital assets .
Opposition to CBDCs (Central Bank Digital Currencies) and support for private stablecoins; report recommends passing the “Anti‑CBDC Surveillance State Act” .
Calls for regulatory clarity: urging the CFTC and SEC to finalize guidance on trading, custody, record-keeping, and market registration; includes launch of regulatory sandboxes and safe‑harbors to foster innovation .
Emphasizes modernizing AML and tax rules, including clearer guidance for staking, mining, and DeFi activity, and simpler taxpayer compliance .
Proposes a Strategic Bitcoin Reserve and broader Digital Asset Stockpile, using government‐seized crypto assets; details on implementation to follow separately from Treasury .
Highlights Chainlink and decentralized oracles as critical infrastructure for stablecoins and tokenized real‑world assets (RWA) .
The report calls for banking reforms: ending discriminatory practices against crypto firms, streamlining access to Fed master accounts, and defining permissible crypto-related bank activities .
Broadly endorsed by industry leaders (e.g. a16z, Coinbase) as a historic step toward making the U.S. the **“crypto capital of the planet”** .
