The White House's latest Digital Assets Report explicitly supports the right of individuals to legally hold and manage digital assets in self-custody, without relying on financial intermediaries, and recommends that Congress clarify this right in legislation. The report emphasizes the importance of peer-to-peer transfers as a core element of individual autonomy and innovation in digital finance.
The report also acknowledges that privacy-enhancing technologies such as cryptocurrency mixers, privacy coins, and zero-knowledge proofs, while protecting users' legal rights, can also be misused by illegal actors for money laundering. In the case of Tornado Cash, federal prosecutors have accused the privacy protocol of being used to launder billions of dollars, but its founder, Roman Storm, has argued that it releases only open-source code and does not control how users use the protocol.
The White House Digital Assets Report supports individuals' right to self-custody of digital assets, recommending that Congress clarify this right in legislation
2025-10-23 15:42:42
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