Trump’s crypto working group pushes for clearer rules as adoption grows
Main Idea
Trump’s crypto working group is advocating for clearer regulations as cryptocurrency adoption grows, with several related acts passing in the House and awaiting Senate consideration.
Key Points
1. Trump’s crypto working group, led by David Sacks, has recommended clearer rules for the SEC and CFTC to facilitate innovative financial products.
2. The GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act were passed or advanced in July, addressing various crypto-related policies.
3. The GENIUS Act was signed into law by Trump on July 18, while the CLARITY and CBDC acts passed the House and await Senate review.
4. Industry experts suggest the GENIUS Act could significantly boost real-world asset tokenization.
5. Major financial institutions like JPMorgan, Citigroup, and Bank of America are exploring crypto-related services, including stablecoins and tokenized investments.
Description
The White House’s digital asset task force calls on regulators to clarify crypto trading rules and accelerate innovation, as a major crypto bill becomes law and two more head to the Senate.
Latest News
- From islands to highways: How blockchain interoperability is finally catching up2025-07-31 13:48:03
- Corporate crypto treasury holdings top $100B as Ether buying accelerates2025-07-31 12:36:08
- South Korea to target leveraged crypto lending services with new rules2025-07-31 11:54:34
- ‘Everything is fine’: Coinbase mocks UK financial system in new video2025-07-31 11:29:01
- Philippines to secure government documents on Polygon despite network outage2025-07-31 10:49:51