The White House has finally released its report on digital assets, revealing key regulatory proposals but omitting details about the long-awaited US Bitcoin Strategic Reserve. The industry reacted cautiously, while crypto prices rebounded slightly.
today has been published The first 180-day report of the President's Working Group on Digital Asset Markets, an initiative born from an executive order signed by President Donald Trump in January of this year.
The document, according to sources, brings together input from senior officials from the Treasury, Commerce, SEC, CFTC, and other key agencies. Its goal is to outline legislative and regulatory proposals that will strengthen U.S. leadership in digital financial technology.
ENTER CRYPTO WITH CONFIDENCE HEREA document awaited by the entire crypto industry
During the White House press conference, CEO Bo Hines and cryptocurrency and artificial intelligence czar David Sacks presented the report's recommendations.
Although the document was expected to address the creation of a strategic Bitcoin reserve, sources consulted confirmed that no direct mention of that topic was includedThis omission has raised concerns among analysts and market participants, who were anticipating details about federal BTC holdings and potential tax-free financing mechanisms.
However, the report Yes, it reaffirms the administration's commitment to a federal framework for digital assets., especially regarding stablecoins, whose regulation has already advanced with the passage of the GENIUS Act during Congressional Cryptocurrency Week. Also highlighted are proposals to improve banking access for crypto businesses and strengthen oversight against illicit financing.
The White House pushes for a federal framework to revolutionize digital asset regulation.
The White House report marks a significant step toward solidifying a federal regulatory framework for digital assets, proposing a coherent architecture that allows for operation with clarity and predictabilityThe special attention given to the stablecoin segment under the recently passed GENIUS Act suggests the administration is seeking to establish uniform criteria for assets backed by liquid reserves and subject to public oversight. This framework will serve as a starting point for other regulatory initiatives in the market.
On the other hand, the report also supports the CLARITY Act, which is still under discussion in Congress. This project aims to clear up the doubts that exist regarding the classification of certain cryptoassets, especially those that do not easily fit into the category of financial securities. The proposal suggests strengthening the role of the Common Futures Trading Commission (CFTC) and improving coordination with the Securities and Exchange Commission (SEC) to create clear standards on how these assets should be registered, stored, and traded. It also recommends streamline regulatory processes, which are currently slowing down the approval of new products, such as exchange-traded funds (ETFs) based on alternative cryptocurrencies.
In the banking aspect, the report calls for establish clearer criteria that define when activities related to blockchain and stablecoins are considered banking operations. This would open the door to specific regulations for companies operating in this sector, adapting traditional standards to the specificities of the digital world.
Furthermore, the digital assets report raises the need for update tax rules y clarify the obligations under financial reporting and anti-money laundering laws. Together, these proposals seek to strike a balance between fostering technological innovation and maintaining institutional security and stability.
BUY BITCOIN FAST AND SAFEThe market reacts to the digital asset report
Following the release of the US government's first report on digital assets, major cryptocurrencies such as Bitcoin and Ethereum experienced a slight rebound. This generated some optimism, although the increase was moderate and not very sustained. Part of this reaction was due to the fact that the second-quarter US Core PCE Price Index, also released today, was less favorable to risk assets, including cryptocurrencies.
Analysts have Commented The index stood at 2,5%, compared to the expected 2,3% and the previous 3,5%. At the same time, real Gross Domestic Product (GDP) for the same period grew by 3%, a better-than-expected figure compared to the anticipated 2,4% and the -0,5% of the previous quarter. These economic indicators made up a mixed outlook for the markets, as they reflect robust economic growth, but with inflation that is somewhat more persistent than expected.
On the other hand, some experts point out that the report did not bring any major news or shocking announcements that could cause a significant change in the crypto market. Galaxy Digital, a company involved in the preparation of the document, had told its clients that, although the report is probably the most positive signal the US government has given regarding cryptocurrencies to date, it would likely not include elements that substantially alter the current market structure.
The market had been expecting important clarifications, especially regarding the auditing of cryptocurrencies held by federal agencies and the guidelines for the Bitcoin Strategic Reserve, established by a Trump executive order in March. The lack of concrete details in these areas has been interpreted more as a sign of political caution than a firm decision or a change in the government's stance.
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Delay in the CFTC presidency
While the digital asset report is gaining attention, another flashpoint has developed around the nomination of Brian Quintenz as CFTC chairman. The White House requested a delay in the vote scheduled for Monday, sparking speculation in Washington.
According to a report by Crypto In America, a Saturday blog post by gaming consultant Dustin Gouker raises potential conflicts of interest related to Kalshi, a CFTC-regulated prediction market where Quintenz serves on the board. Emails obtained via FOIA suggest that his chief of staff requested access to confidential matters as part of the transition plan. While the authenticity of the documents has not been verified, their emergence 48 hours before the vote has raised concerns among the nominee's supporters.
The American Gaming Association has also expressed reservations about Quintenz's stance on prediction markets, while some crypto players fear he doesn't support their priorities. The White House hasn't offered a public explanation for the pause, though a spokesperson confirmed that Quintenz remains the president's nominee.
Separately, Eleanor Terrett also reported today that, amid the highly anticipated White House report on digital assets, the unexpected delay in the vote on Quintenz as CFTC chairman is one of the news stories that has captured the most attention across all financial sectors.
The CFTC plays a crucial role in the evolution of the digital asset sector. As the body responsible for overseeing futures and options markets, its leadership directly influences the rules that shape innovation and security in the crypto space. The election of its chairman, therefore, is not just an administrative matter, but one that can define the regulatory direction of an industry undergoing constant growth and transformation.
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