Skip to main content

BREAKING: White House Reveals Crypto Policy Roadmap Envisioning A ‘Golden Age

The White House released a detailed crypto report on Wednesday that outlines a comprehensive framework for regulating and advancing digital assets in the United States. 

This initiative is part of President Donald Trump’s broader commitment to establish the US as the “crypto capital of the world.” However, ABC News has found that the report notably lacks information on a contentious proposal to create a federal digital asset stockpile.

Report Urges Regulators To Clarify Crypto Rules

In a briefing with reporters, officials emphasized the report’s potential to guide policymakers in ensuring the United States leads in blockchain technology. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” they stated.

The report offers a range of recommendations aimed at structuring cryptocurrency markets and clarifying regulatory roles among federal agencies, particularly the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). 

It urges these regulators to provide immediate clarity on critical issues such as registration, custody, trading, and recordkeeping, advocating for a streamlined approach that would facilitate the introduction of innovative financial products to consumers without bureaucratic delays.

Additionally, the report calls on Congress to enact laws that embrace Decentralized Finance (DeFi) technologies and recognize their potential in mainstream finance. 

It also emphasizes the need to modernize anti-money laundering (AML) regulations to combat illicit activities associated with cryptocurrency networks.

Federal Bitcoin Reserve Plans Remain Unclear

Reactions from industry insiders have been largely positive, with many viewing the report as a pivotal step toward legitimizing digital asset markets. 

James Butterfill, head of research at CoinShares, described the document as “highly ambitious,” noting its strong endorsement of digital assets. 

However, he cautioned that the report’s success hinges on bipartisan legislative support, effective regulatory execution, and a careful balance between freedom, innovation, and financial integrity.

Despite the optimism, some industry leaders had expected the report to shed light on plans for a federal Bitcoin reserve, a topic that was conspicuously absent. 

During the press briefing, a White House official indicated that infrastructure for this initiative is being developed, with more information anticipated soon.

Crypto

Featured image from DALL-E, chart from TradingView.com



from Bitcoinist.com https://ift.tt/ksL5POK

Comments

Popular posts from this blog

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....

OpenSea Dodges A Bullet As SEC Drops Investigation—Details

In a move that many in the crypto industry view as a positive signal, the US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace. This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws. SEC Decision Signals A Shift On February 21, 2025, Devin Finzer, the CEO and co-founder of OpenSea, said the SEC will not take any enforcement action against the firm. This comes following the August 2024 Wells Notice to OpenSea issued by the SEC, which indicated the possibility of legal action on alleged unregistered securities offenses. The outcome of this case suggests a possible shift in the way authorities handle NFTs, therefore affecting the whole scene of digital assets. For the industry, this outcome has been seen as a major turning point. Though they are in rivalry with OpenSea, Chris Akhavan, the Chief Business Officer of Magic Eden,...