Here’s a summary of the White House’s landmark Digital Asset Report, officially titled “Strengthening American Leadership in Digital Financial Technology: Recommendations from the President’s Working Group on Digital Asset Markets”, released July 30, 2025:
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🇺🇸 Key Takeaways
📄 About the Report
It’s a 160-page regulatory roadmap issued by the Working Group established under Executive Order 14178 (January 23, 2025) .
The Working Group—led by the President’s AI & Crypto Czar and involving Treasury, Commerce, SEC, CFTC, DOJ, among others—was tasked to propose policy reforms within 180 days .
🛠 Recommendations Overview
Crypto Market Structure: Clarify which regulators oversee which assets—e.g. CFTC for spot commodities, SEC for securities, with legislative backing via the CLARITY Act (pending Senate action) .
Banking & Stablecoins: Enable banks and nonbank entities to engage in custody, tokenization, stablecoin issuance, and payment services—all under the framework of the newly enacted GENIUS Act on July 18, 2025 .
Anti-Money Laundering (AML): Modernize reporting protocols, support self‑custody, and avoid unfair debanking of compliant crypto businesses .
Tax Modernization: Advocate for crypto‑specific tax rules to account for staking, wash sales, mining, and small‑transaction thresholds—aiming to reduce compliance burdens .
❗What’s Missing: Strategic Bitcoin Reserve
Report authors assert infrastructure is under development and further details are forthcoming from Treasury .
📉 Market Response
Bitcoin price slipped following the report release and the Fed’s decision to keep interest rates unchanged, with investor sentiment tempering hopes for a policy-fueled lift .