Historic intervention by the administration #TRUMP in crypto: A 168-page guide to digital assets has been released!
On July 30, 2025, the White House, led by U.S. President Donald Trump, released an unprecedentedly detailed regulatory report on digital asset markets. This extensive 168-page document is the first strategic guide explaining how the #US will approach the cryptocurrency ecosystem.
📜 Background of the working group: Names that will determine the fate of crypto
The "Digital Assets" working group, created by Trump’s executive order in January, consists of:
Secretary of the Treasury Scott Bessent
Secretary of Commerce Howard Lutnik
SEC Chair Paul Atkins
This high-level team provided 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, storage, and even the strategic allocation of digital asset reserves.
🏦 The right to hold your cryptocurrency may become official!
One of the most striking points in the report is that Congress must pass a law allowing individuals to hold their digital assets directly, without intermediaries. This proposal demonstrates significant support for the government's philosophy of "Not your keys, not your coins."
🏛️ New powers for CFTC: Intervention in the spot market looms
The report recommends empowering the CFTC to regulate spot markets for non-cash digital assets. This will allow the SEC to manage only securities, while Bitcoin and similar assets will fall under the CFTC's jurisdiction.
🇺🇸 "Green light" for American crypto entrepreneurship
The working group states that the U.S. must develop bolder policies regarding blockchain and crypto technologies that have the potential to transform the financial system. The need for a clear legal framework is emphasized to pave the way for American entrepreneurs.
🪙 Strategic reserve Bitcoin: The U.S. is now officially a HODLer!
As planned by the Trump administration, a "Strategic Reserve of Digital Assets" is being established at the U.S. Department of the Treasury. This reserve will include the following cryptocurrencies:
Bitcoin (BTC)
Ethereum (ETH)
Solana ($SOL )
Cardano ($ADA )
However, it is worth noting that this reserve will be created only from confiscated digital assets. The reserve, which will be managed by the U.S. Department of the Treasury, will not be sold publicly, but will instead be used for national financial interests.
💰 Strict control over tax reporting: CARF is coming
The new proposed reporting framework for crypto assets (CARF) will require U.S. citizens to declare their crypto accounts abroad. This:
Preventing capital flight.
Efforts are underway to strengthen domestic markets.
However, DeFi platforms are currently excluded from this scope. It is also recommended that the IRS publish guidelines for reporting gains and losses for investment-grade digital assets.
🧱 Safe harbor for DeFi: A critical call to the SEC
The report highlights the need to create regulatory "safe harbors" for DeFi projects. It is recommended that the SEC create specially designed registration exemptions for decentralized protocols. This will allow innovative projects to operate in the U.S. without getting stuck in the "gray area."
🗣️ White House Statement: More information on the Bitcoin reserve coming soon
Following the publication of the report, White House officials announced that more information about the U.S. digital asset reserve would be released in the coming weeks. This has led markets to anticipate further signals from the White House, especially regarding the future of Bitcoin.
📌 Conclusion: The U.S. officially provides crypto "corporate form"
This report from the Trump administration is viewed not only as a regulatory framework for digital assets but also as a vision document. A new era is beginning in America, where cryptocurrencies will be more clearly defined, and investors and entrepreneurs will operate on more solid foundations.