🚨 White House Digital Asset Report
📢 The White House dropped its Digital Asset Report on July 30, 2025, and it’s making waves! Here’s the rundown based on today’s news (July 31, 2025): What’s the Report? A 160-page guide from President Trump’s January 2025 Executive Order, aiming to make the U.S. the “crypto capital of the world.”
✅ Key Points:
• Pushes for clear crypto market regulations (SEC, CFTC roles).
• Supports DeFi innovation and modern anti-money laundering rules.
• Backs the CLARITY Act, passed by the House (294-134) on July 17.
• Hints at a future bitcoin reserve, but details are TBD.
💡Today’s Buzz:
• House Financial Services Chair Patrick Hill urges the Senate to fast-track the CLARITY Act.
• Crypto prices dipped slightly (Bitcoin at ~$118K), per Bloomberg and Fortune.
• Industry voices like CoinShares’ James Butterfill call it “ambitious” but stress bipartisan action is key.
👀 Controversy: Critics flag potential conflicts of interest due to Trump’s crypto ventures (e.g., World Liberty Financial, $57.3M earned). The White House says his assets are in a trust.