The cryptocurrency task force established by President Donald Trump on Wednesday outlined the administration's positions on cryptocurrency legislation that defines the market and called on the U.S. Securities and Exchange Commission to create new rules specifically for digital assets.

In a fact sheet released ahead of an important report, the White House urged Congress to move forward with legislation that would create a formal regulatory system for cryptocurrencies, but appealed to lawmakers to include additional provisions in the bill. These provisions include allowing trading platforms to custody cryptocurrencies as well, and providing a disclosure system specifically designed for issuers of cryptocurrency securities.

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