Here’s an authoritative summary of the White House Digital Asset Report, released on July 30, 2025, outlining the U.S. Administration’s roadmap for crypto regulation and innovation:

🏛️ What Is the White House Digital Asset Report?

The report was published by the President’s Working Group on Digital Asset Markets, created by Executive Order 14178 in January 2025, titled **"Strengthening American Leadership in Digital Financial Technology"** .

With 160 pages of policy recommendations, officials described it as “the most comprehensive piece of work on digital assets” to date .

🔍 Key Content & Recommendations

Regulatory Framework & Market Structure

Calls for immediate regulatory clarity from the SEC and CFTC on registration, custody, trading, and record-keeping .

Supports the CLARITY Act, which empowers CFTC oversight over spot trading of non-security digital assets .

Banking, Tokenization & Stablecoins

Urges clearer rules for bank involvement in custody, tokenization, stablecoin issuance, and blockchain services .

Encourages swift implementation of the GENIUS Act, U.S. stablecoin legislation that was signed into law in mid‑July 2025 .

Illicit Finance & Taxation Reform

Recommends modernizing anti-money laundering rules and clarifying AML/CFT obligations in DeFi and crypto custody spaces .

Proposes enhanced tax clarity, including the introduction of wash‑sale rules and updating tax treatment for digital assets .

CBDC Opposition

Reaffirms prohibition on any U.S. central bank digital currency (CBDC), supporting passage of the Anti‑CBDC Surveillance State Act .

🧾 What It Doesn’t Include (Yet)

While the report reiterates support for a U.S. Strategic Bitcoin Reserve and digital asset stockpile, it does not provide new operational details—such as timing, acquisition methods, or management structure .

Further updates and guidance are expected soon, particularly from the Treasury Department .