The report lays out a roadmap for federal agencies, calling on regulators like the SEC and CFTC to coordinate more effectively and provide immediate clarity on key issues such as registration, trading, and custody of digital assets.
It also urges Congress to pass legislation supporting DeFi innovation while modernizing anti-money laundering rules to address crypto-related risks.
Officials described the report as a potential turning point, suggesting it could “usher in the Golden Age of Crypto” if implemented.
Industry voices largely welcomed the initiative, with CoinShares’ James Butterfill calling it “highly ambitious,” though he warned its success depends on bipartisan cooperation and execution.
One major omission, however, was the federal digital asset reserve. The report made no mention of a previously discussed Bitcoin stockpile plan, leaving analysts and industry leaders puzzled.
A White House official later confirmed that infrastructure for the initiative is still under development, with updates expected in the near future.
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