The White House released its comprehensive Digital Asset Report on Wednesday, July 30, 2025. This long-awaited report, developed by the President's Working Group on Digital Asset Markets (established by an executive order in January), outlines a national strategy to position the United States as a global leader in blockchain, cryptocurrency markets, and tokenized finance.
GOOD NEWS FOR CRYPTO MARKET 📢
Key takeaways and recommendations from the report include:
* Regulatory Framework: It provides a detailed "regulatory Bible" or guidebook for the crypto sector, offering recommendations for how cryptocurrency should be regulated across various areas, including banking, stablecoins, taxes, and illicit finance.
* CFTC Authority: The report recommends that Congress grant the Commodity Futures Trading Commission (CFTC) authority over the spot market for non-security digital assets.
* Support for DeFi: It embraces decentralized finance (DeFi) technology and recognizes its potential for integration into mainstream finance.
* Self-Custody: The report urges Congress to affirm the right of individuals to custody their own crypto without intermediaries.
* Digital Asset Stockpile: It details plans for a U.S. digital asset stockpile and a strategic Bitcoin reserve, to be administered by the Treasury Department and capitalized by forfeited digital assets. The Bitcoin in this reserve is generally intended not to be sold but maintained as reserve assets.
* Banking Regulatory Framework: The report calls for a sound and predictable banking regulatory framework that embraces blockchain technology to enable depository institutions to meet client demands for digital asset services.
* Taxation: It recommends that Congress enact legislation to treat digital assets as a new class of assets subject to modified versions of tax rules applicable to securities or commodities for Federal income tax purposes, and to add digital assets to the list of assets subject to wash sale rules.
* the digital economy.
