The White House Working Group's Preview Report Released, Advancing the Construction of a Digital Asset Regulatory Framework
According to Deep Tide TechFlow, on July 30, the White House Digital Asset Market Working Group released an important report recommending that the SEC and CFTC enable digital asset trading at the federal level and provide clear guidelines.The report supports the integration of DeFi technology into the mainstream financial system, promotes the development of innovative financial products through regulatory sandboxes, advances the implementation of the GENIUS Act for stablecoin regulatory frameworks, and clarifies tax guidelines for cryptocurrency mining and staking activities.The report opposes the issuance of CBDCs and recommends the formulation of relevant legislation to prohibit it, while suggesting measures for the banking sector to better serve cryptocurrency enterprises, including the establishment of clear capital rules and increasing transparency for cryptocurrency enterprises in obtaining bank accounts.
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