According to BlockBeats, a policy group established by U.S. President Donald Trump has released a report urging federal regulators to use existing authorities to create clearer rules for digital asset trading and streamline the introduction of new financial products.
The White House briefing stated that implementing these recommendations would ensure the United States leads the blockchain revolution, ushering in a new era for cryptocurrency. The policy group was formed following an executive order signed by Trump in January.
The report addresses various topics within the digital asset sector, including a call for Congress to pass the Digital Asset Market Clarity Act to fill regulatory gaps. It also suggests granting the Commodity Futures Trading Commission authority over the spot market for non-security digital assets and supports the development of decentralized financial technologies.