The White House released a digital asset report, without updating the details of the Bitcoin reserve plan.



According to Hash World Chain News, the White House recently released a highly anticipated digital asset report that establishes a national strategy aimed at maintaining the United States' global leadership in blockchain, cryptocurrency markets, and tokenized finance. Although the report covers a wide range of digital asset policy areas, it does not provide substantial updates on the government's planned Bitcoin reserves. The report merely reiterates the statements made in President Trump's January executive order, without outlining subsequent steps or an implementation timetable. This 166-page document was authored by David Sacks, the White House's head of cryptocurrency and artificial intelligence affairs, and executive director Bo Hines, integrating opinions from the Treasury Department, the Department of Commerce, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC), which lists multiple recommendations regarding streamlining regulation, supporting innovation, and achieving regulatory modernization. The report suggests that Congress improve legislation to grant the CFTC the authority to regulate the spot market for non-security digital assets and support the development of decentralized finance (DeFi) technologies. The report also calls on the SEC and CFTC to utilize their existing authority to clarify regulatory rules for digital asset trading and promote the rollout of innovative financial products. Furthermore, the working group recommends that regulatory agencies promote banking sector innovations related to digital assets, implement a federal regulatory framework for stablecoins, and strengthen anti-money laundering regulations to safeguard national security. The report emphasizes that the United States must ensure its leading position in the digital asset and blockchain technology fields through legislative and regulatory innovation.

#Cryptocurrency # Blockchain #CFTC # SEC #DeFi
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