Trump’s Crypto Report Suggests Potential Regulatory Advances for Bitcoin and Digital Assets in the U.S.
Main Idea
The Trump administration's crypto working group report recommends strengthening U.S. crypto laws, modernizing regulations, and clarifying AML/CFT obligations to foster a clearer regulatory environment for digital assets.
Key Points
1. The report urges Congress to provide clear regulatory frameworks and build on the bipartisan CLARITY vote.
2. It highlights the need for Congress to clarify AML/CFT obligations and modernize payment infrastructure, referencing the GENIUS Act.
3. Key members of the working group include SEC Chair Paul Atkins, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.
4. The report recommends tax policy changes such as Asset Management Tax (CAMT) and adjustments for digital asset transactions.
5. It suggests future legislative actions like passing the CBDC Anti-Surveillance State Act to support digital finance.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The Trump administration’s
Latest News
- Ethereum Marks 10 Years With Strong Uptime and Growing Treasury Adoption Potential2025-08-01 09:53:20
- El Salvador’s Bitcoin Holdings and Constitutional Changes May Signal Shifts in Political and Economic Landscape2025-08-01 09:52:56
- Ethereum Investor Ai Yi Faces $1.645 Million Unrealized Loss After Buying at Short-Term Peak2025-08-01 09:51:43
- $TOSHI added to Binance alpha projects2025-08-01 09:34:41
- Indonesia’s Crypto Tax Revenue Hits $6.97 Million as Overseas Platform Tax Rate Rises to 1%2025-08-01 09:31:48