The White House has announced the arrival of a "golden age" for the US crypto market.
Date: 2025-07-31 Author: Gabriel Deangelo Categories: IN WORLD
This approach should help strengthen the US position as a leader in blockchain technology and financial innovation, according to a report by the White House Cryptocurrency Working Group, Bloomberg reports.
The working group, formed at Trump's initiative, recommended that federal regulators more actively use their powers to simplify procedures and introduce new products in the crypto industry. Among the key proposals is the legislative consolidation of the transparency of the digital asset market through the CLARITY Act, which has already been approved by the House of Representatives but is awaiting consideration in the Senate.
The bill proposes transferring control over non-securities cryptocurrency spot markets to the US Commodity Futures Trading Commission (CFTC), which is intended to eliminate existing regulatory gaps. The report also calls on the SEC and CFTC to "urgently allow federal trading of digital assets" by clarifying the rules for registration, storage, record keeping, and trading. Such a step would allow financial innovations to reach end users faster without unnecessary bureaucratic barriers.
In addition, experts recommend that regulators clarify the scope of permitted banking operations in the crypto sector, simplify the procedure for obtaining licenses for crypto businesses, including stablecoin issuers, and review the tax regulation of mining and staking.
One of Trump's important election promises in 2024 was the creation of a national cryptocurrency reserve. In March of this year, the president signed an executive order to form a bitcoin reserve, the funds for which will come from confiscated cryptocurrencies, without additional purchases by the state. The market reaction was mixed - the bitcoin rate fell, and experts noted that the announced details did not meet expectations.
However, the working group will continue to work on finding other ways to form cryptocurrency reserves without using budget funds. The preliminary report from July 30 does not provide any information about the government’s further plans to accumulate bitcoins or other digital assets, which is emphasized by analysts at CoinDesk.
Thus, the Trump administration is seeking to create a favorable environment for the development of digital finance in the United States by eliminating regulatory uncertainties and stimulating the introduction of innovative technologies in the financial sector.
