A cryptocurrency policy working group convened by the Trump administration has issued a comprehensive report urging Congress to strengthen U.S. digital asset regulations through legislative modernization and clarified compliance requirements. The recommendations center on creating a more transparent regulatory environment to support innovation while addressing systemic risks.
The report specifically calls for congressional action to establish definitive regulatory frameworks, building upon the recent bipartisan CLARITY vote. It emphasizes modernizing financial infrastructure and clarifying Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations—citing the GENIUS Act as foundational legislation for payment system upgrades.
Key proposals include tax policy adjustments such as implementing an Asset Management Tax (CAMT) and creating specialized tax treatment for digital asset transactions. The report further advocates for future legislative actions including passage of the CBDC Anti-Surveillance State Act to establish guardrails regarding central bank digital currencies.
The working group featured prominent financial regulators including SEC Chair Paul Atkins, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick. Their collective recommendations aim to position the U.S. as a competitive hub for digital finance through coordinated regulatory enhancements across multiple government agencies.
This regulatory blueprint seeks to balance compliance requirements with infrastructure modernization, addressing industry calls for legal clarity while strengthening financial safeguards in the evolving cryptocurrency landscape.