#WhiteHouseDigitalAssetReport The White House Digital Asset Report, released on July 30, 2025, outlines a comprehensive strategy for governing digital assets in the United States. This 180-day report provides a roadmap for regulatory action, innovation, and national security, focusing on several key areas ¹:
- *Digital Asset Market Structure*: The report recommends a unified federal framework to govern digital asset markets, clarifying the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
- *Countering Illicit Finance*: It highlights the need to combat illicit finance risks, including ransomware groups, darknet marketplaces, and sanctions evaders, and proposes expanding enforcement capabilities and strengthening Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) frameworks.
- *Banking and Digital Assets*: The report suggests modernizing bank regulations to incorporate digital assets using a technology-neutral approach, enabling innovation while managing risks.
- *Stablecoins and Payments*: It emphasizes the importance of stablecoins in promoting dollar dominance globally and recommends implementing the GENIUS Act to provide regulatory clarity for stablecoin issuers.
- *Taxation*: The report proposes updating tax rules to accommodate digital assets, including clarifying the treatment of staking, mining, and token rewards.
*Key Recommendations*
- *Strategic Bitcoin Reserve*: The report proposes establishing a strategic federal crypto reserve, capitalized by forfeited crypto from seizures, to be managed by the Treasury.
- *Regulatory Clarity*: It calls for clear guidelines on digital asset classification, registration, custody, trading, and recordkeeping to support innovation and protect investors.
- *International Cooperation*: The report emphasizes the need for global collaboration to harmonize enforcement strategies, seizure procedures, and sanctions implementation.
*Impact and Next Steps*
- *Legislative Action*: The report encourages Congress to enact legislation supporting the recommendations, such as the CLARITY Act, to provide clarity on digital asset regulation.
- *Regulatory Action*: Federal agencies are urged to take immediate action using their rulemaking and exemptive authority to advance the recommendations.
- *Industry Engagement*: The report invites industry stakeholders to engage with regulators and contribute to the development of a comprehensive digital asset framework ¹ ².
