The #TRUMP Administration's Historic Intervention in Crypto: 168-Page Digital Asset Guide Released!
On July 30, 2025, the White House, led by US President Donald Trump, released an unprecedentedly detailed regulatory report on digital asset markets. This comprehensive 168-page document is the first strategic guide explaining how the #US will approach the cryptocurrency ecosystem.
๐ Background on the Working Group: The Names That Will Shape Crypto's Destiny
The "Digital Asset Working Group," established by Trump's January executive order, consists of:
Treasury Secretary Scott Bessent
Commerce Secretary Howard Lutnick
SEC Chairman Paul Atkins
This high-level team offered recommendations on a wide range of technical, legal, and economic issues related to the crypto sector to shape the future of digital assets. The report addresses critical issues such as trading, taxation, custody, and even strategic reserve designation of digital assets.
๐ฆ The Right to Store Your Cryptocurrency Could Become Official!
One of the most striking points in the report is that Congress should enact legislation allowing individuals to store their digital assets directly, without intermediaries. This proposal demonstrates significant support for the government's "Not Your Keys, Not Your Coins" philosophy.
๐๏ธ New Powers for the CFTC: Spot Market Intervention Looms
The report recommends that the CFTC be empowered to regulate spot markets for non-securities digital assets. This would allow the SEC to solely manage securities, while Bitcoin and similar assets would fall under CFTC oversight.
๐บ๐ธ "Green Light" for American Crypto Entrepreneurship
The working group states that the US must develop bolder policies toward blockchain and crypto technologies, which have the power to transform the financial system. It emphasizes the need for a clear legal framework to pave the way for American entrepreneurs.
๐ช Strategic Bitcoin Reserve: The US is Now Officially a Hodler!
As previously planned by the Trump administration, a "Strategic Digital Asset Reserve" is being established within the US Treasury Department. This reserve will include the following cryptocurrencies:
Bitcoin (BTC)
Ethereum (ETH)
Cardano (ADA)
However, it's worth noting that this reserve will only be created with seized digital assets. The reserve, which will be managed by the US Treasury Department, will not be sold publicly but will instead be used for national financial interests.
๐ฐ Strict Tax Reporting Oversight: CARF Coming
The newly proposed Crypto Asset Reporting Framework (CARF) will require US citizens to declare their crypto accounts abroad. This will:
Prevent capital outflows.
Efforts are underway to strengthen domestic markets.
However, DeFi platforms are currently excluded from this scope. The IRS is also recommended to publish gain-loss reporting guidelines for investment-grade digital assets.
๐งฑ Safe Harbor for DeFi: A Critical Call to the SEC
The report emphasizes the need to create regulatory "safe harbors" for DeFi projects. It recommends that the SEC create specifically designed registration exceptions for decentralized protocols. This would allow innovative projects to operate in the US without being stuck in a "gray zone."
๐ฃ๏ธ White House Statement: More Information on the Bitcoin Reserve Coming
Following the report's release, White House officials announced that more information about the US digital asset reserve will be made public in the coming weeks. This has led markets to anticipate further signals from the White House, particularly regarding the future of Bitcoin.
๐ Conclusion: The US Officially Grants Crypto "Corporate Form"
This Trump administration report is being considered not only a regulatory framework for digital assets but also a vision document. A new era is beginning in America, where cryptocurrencies will be more clearly defined and investors and entrepreneurs will act on more solid foundations.
