White House Releases Crypto Policy Roadmap to Launch Golden Age of Digital Assets
The Trump administration has delivered on its promise to position America as the global crypto capital. The President’s Working Group on Digital Asset Markets released a comprehensive 160-page report that provides a roadmap to make that promise a reality. This landmark document represents the most ambitious federal crypto policy framework in U.S. history.
Established by President Trump’s Executive Order 14178, Strengthening American Leadership in Digital Financial Technology, the Working Group consists of officials throughout the Federal government. The administration commissioned this extensive review to create actionable recommendations for regulators and Congress. The report tackles everything from banking regulations to tax compliance across the digital asset ecosystem.
Federal Regulators Must Streamline Crypto Market Oversight
The Working Group determined that a fit-for-purpose market structure framework is essential to support growth and innovation in the digital assets industry, protect consumers, and keep the United States at the forefront of digital asset development. The report calls for immediate regulatory clarity to eliminate existing oversight gaps.
The administration wants Congress to build on the bipartisan CLARITY Act momentum. This legislation would eliminate existing gaps in regulatory oversight by providing the CFTC authority to oversee spot markets for non-security digital assets. The framework would also embrace DeFi technology and recognize its potential for mainstream finance integration.
Federal agencies receive direct marching orders in the roadmap. The SEC and CFTC must use their existing authorities to immediately enable the trading of digital assets at the Federal level by providing clarity to market participants on issues such as registration, custody, trading, and recordkeeping. Regulators must also implement safe harbors and regulatory sandboxes to reduce bureaucratic delays for innovative financial products.
Banking Sector Gets Green Light for Digital Asset Integration
The administration has already ended what it calls “Operation Choke Point 2.0” by stopping regulatory efforts that denied banking services to crypto companies. A sound and predictable banking regulatory framework that embraces the promise of blockchain technology will allow depository institutions to meet customer demand for core banking services for digital assets.
Banking regulators must relaunch crypto innovation efforts immediately. The report demands clarity on permissible bank activities, including custody services, tokenization projects, stablecoin issuance, and blockchain implementation. Regulators must promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts.
The roadmap addresses capital requirements that have hindered bank crypto adoption. Bank capital rules must align with the actual risks associated with digital assets, not simply the fact of their presence on a distributed ledger. This change could unlock billions in institutional crypto investment.
Stablecoins Become Foundation for Dollar Dominance Strategy
The widespread adoption of dollar-backed stablecoins will modernize payments infrastructure and allow the United States to move away from costly and outdated legacy systems. President Trump signed the historic GENIUS Act on July 18, 2025, creating the first-ever federal regulatory framework for stablecoins.
The Treasury Department and banking agencies must implement the GENIUS Act expeditiously. The administration also wants Congress to pass the Anti-CBDC Surveillance State Act. This legislation would codify the President’s Executive Order banning Central Bank Digital Currencies in the United States. The move protects privacy and civil liberties while promoting dollar-backed stablecoin adoption.
Tax Policy Reforms Target Compliance Simplification
Our tax rules must align with new technologies and eliminate compliance hurdles for both individuals and businesses engaged in activities involving digital assets. The Treasury Department and IRS face immediate pressure to publish comprehensive guidance.
The agencies must address complex topics, including CAMT calculations, wrapping transactions, and de minimis receipts of digital assets. Treasury and the IRS must review previously issued guidance on the tax treatment of activities like mining and staking. The administration wants Congress to treat digital assets as a new asset class with modified tax rules.
Congress should add digital assets to wash sale rules while creating securities-like or commodities-like tax treatment. These changes would provide certainty for millions of crypto investors and businesses operating in the space.
Anti-Money Laundering Rules Need Modernization for DeFi
By modernizing our anti-money laundering rules, the United States can be a leader in financial innovation while protecting our national security interests. The Treasury Department must provide clarity on Bank Secrecy Act obligations and reporting requirements for crypto businesses.
Congress must reinforce self-custody rights while clarifying AML/CFT obligations for decentralized finance ecosystem participants. Regulators must work to prevent the misuse of authorities to target lawful activities of law-abiding citizens and protect citizens’ privacy. This balanced approach aims to combat illicit finance without stifling innovation.
Conclusion
The White House crypto policy roadmap represents a seismic shift in federal digital asset strategy. The comprehensive framework addresses regulatory gaps, banking restrictions, tax complications, and compliance burdens that have hindered crypto adoption. Implementing these recommendations could establish America as the undisputed global leader in digital finance innovation.
