Trump White House releases long-promised crypto report

Key Points

1. The report recommends shared oversight of digital assets between the CFTC and SEC, with the CFTC handling spot crypto markets and the SEC overseeing securities tokens.

2. It suggests easing banking regulations to allow banks to engage more freely with crypto assets and stablecoins to protect the US dollar's dominance.

3. The report urges Congress to pass the CBDC Anti-Surveillance Act to prevent central bank digital currencies from being used for surveillance.

4. It calls for clearer tax regulations for cryptocurrencies to provide more certainty for investors and businesses.

5. The working group emphasizes that a well-defined crypto market structure would position the US as a global leader in innovation while protecting investors.