#WhiteHouseDigitalAssetReport
As cryptocurrencies redefine the global financial landscape, the #TRUMP administration reveals its strategic response.
The report proposes a segmentation of responsibilities based on the nature of the assets, with a clear distribution of prerogatives.
These are the main regulatory points detailed in the report:
✅ Define a clear taxonomy of cryptocurrencies, distinguishing between securities and commodities;
✅ Assign the #CFTC oversight of the "spot" market, i.e., cryptocurrency spot exchanges;
✅ Maintain regulation of tokens considered securities under the jurisdiction of the SEC;
✅ Encourage collaboration between the SEC and the #CFTC to ensure a harmonized and consistent approach at the national level.
The report proposes tax reform tailored to the characteristics of #cryptocurrencies , calling on Congress to legislate to recognize them as a new asset class that benefits from hybrid tax rules, halfway between securities and commodities.
Although this report does not constitute a law in itself, it nonetheless sets a clear and potentially lasting policy direction.