The Trump administration is paving the way for a “Golden Age of Crypto” with a new White House report outlining federal strategies for digital asset regulation. The recommendations aim to streamline crypto trading, embrace decentralized finance (DeFi), and strengthen the U.S. dollar’s dominance through stablecoins.
Federal-Level Crypto Trading: SEC and CFTC Coordination
A major focus of the report is enabling digital asset trading at the federal level by clarifying rules around registration, custody, and recordkeeping. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are urged to eliminate regulatory gaps, allowing smoother market operations.
This move could accelerate institutional adoption, providing long-awaited legal certainty for exchanges, custodians, and traders.
Embracing DeFi and Innovation
The report highlights the potential of DeFi platforms, suggesting that automated lending and borrowing systems could integrate into mainstream finance. To foster innovation, the administration recommends regulatory sandboxes and safe harbors, allowing new financial products to reach consumers without bureaucratic delays.
Stablecoins Strengthen the U.S. Dollar
Following the recent GENIUS Act, which established a federal framework for stablecoins, the report emphasizes their role in reinforcing the dollar’s global position. Agencies are encouraged to implement regulations swiftly, ensuring stablecoin issuers comply with transparency and reserve requirements.
At the same time, the administration opposes central bank digital currencies (CBDCs), pushing for legislation to ban them over privacy concerns.
Banking Access and Clearer Capital Rules
The report addresses challenges faced by crypto firms in securing banking services, a problem some have called “Operation Choke Point 2.0.” It calls for clearer capital requirements and guidelines on obtaining master accounts or bank charters, ensuring fair access to financial infrastructure.
A Regulatory Framework Takes Shape
With these recommendations, the Trump administration is positioning the U.S. as a leader in crypto innovation while ensuring market stability. The focus on federal-level trading, DeFi adoption, and stablecoin regulation signals a transformative shift in digital asset policy—one that could define the next era of finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.