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White House Task Force Report: Advancing the Construction of a Regulatory Framework for Digital Assets

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2025-07-30 13:18:52
The White House Working Group on Digital Asset Markets will release a major report today with recommendations on digital asset regulation. The report recommends that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) immediately enable digital asset trading at the federal level and provide clear guidance to market participants on matters such as registration, custody, trading, and record keeping.
The report also covers a number of key areas: supporting the integration of decentralized finance (DeFi) technology into the mainstream financial system; promoting the development of innovative financial products through regulatory sandboxes; advancing the implementation of the stablecoin regulatory framework GENIUS Act; and clarifying tax guidelines for cryptocurrency mining and staking activities.
Notably, the report opposes the issuance of central bank digital currencies (CBDCs) and recommends a bill to ban them. The report also makes recommendations on banking services for crypto companies, calling for clear capital rules and greater transparency in the access of crypto companies to bank accounts.
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